3 Things You Should Know About Small Business: Dec. 7
"During the past month, I've visited disaster centers and spoken with people who are struggling to reclaim communities and businesses that were devastated by Hurricane Sandy, and I was impressed by their determination to rebuild stronger," said SBA Administrator Karen G. Mills. "The SBA is there to support the long-term recovery of the disaster areas, and we will make sure that as many people as possible get the help they need to become whole again."
Through Thursday, the total was $156.56 million to 2,507 residents and businesses. The SBA says about 40% of the 29,722 net applications submitted for Hurricane Irene were approved, totaling $480.5 million in disaster loans related to the 2011 storm.
The SBA has 377 employees working to assist Hurricane Sandy survivors in 113 disaster- and business-recovery centers in New York, New Jersey, Connecticut and Rhode Island.
The filing deadline for physical property damage is Dec. 31 for New York, New Jersey and Connecticut. The economic injury disaster loan application deadline is July 31, 2013. The physical deadline for Rhode Island is Jan. 15, 2013, and the economic injury disaster loan deadline is Aug. 14, 2013.
-- Written by Laurie Kulikowski in New York.
To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.
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