Designated states, parts of states and territories -- including New York State -- are being offered low-interest federal disaster loans for businesses. The program is coordinated with the respective state.
These SBA administered loans are for up to $2 million, interest rate is 3.75%, and long-term (up to 30 years) repayment terms are available. The exact terms are determined on a case-by-case basis by SBA.
The application is available at SBA Disaster Loan Assistance.
For more information, contact Tim Lynn at tim@ldts-law.com or (315) 766-2118.
