Good afternoon Respected Community Members,

FEMA and the SBA has setup a mobile unit, outside Village Hall located at 200 N Main Street, Spring Valley NY, to help the business community members and residents get informed on the assistance available from the disaster and devastation from the remnants of Hurricane Ida.

If you or someone you know has been affected by Hurrian Ida, please feel free to stop by Village Hall from 9 am to 5 pm on Friday October 29th and Sunday October 31st.

For more information about SBA please reference below;

The SBA’s Office of Disaster Assistance works to assist small business owners, homeowners, renters and private nonprofit organizations recover from a disaster.

When disaster strikes, the SBA helps businesses and individuals with low-interest loans to help them repair, rebuild and recover. We work with FEMA and other federal, state and local agencies to offer recovery assistance. With this Presidential declaration, businesses, homeowners, renters and private nonprofit organizations in eight New York counties are eligible to apply for physical disaster loans to repair damages caused by the remnants of Hurricane Ida. Those counties are Bronx, Kings, Nassau, Queens, Richmond, Rockland, Suffolk, and Westchester. Small businesses and most private nonprofit organizations in adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans. Those adjacent counties are New York, Orange and Putnam in New York; Fairfield in Connecticut; and Bergen and Passaic in New Jersey.

To help businesses affected by the disaster, we have opened Business Recovery Centers (BRCs) where Customer Service Representatives are available to answer questions about the disaster loan program and assist disaster survivors.

BROOKLYN

Brooklyn Chamber of Commerce

253 36th St., Suite C58, 4^th Floor

(Industry City, Building 3, 4th floor)

Brooklyn, NY 11232

Hours: Monday – Friday, 9 a.m. – 5 p.m.

Closed: Saturday and Sunday

WHITE PLAINS

New York Power Authority Building

123 Main Street

White Plains, NY 10601

Hours: Monday – Friday, 9 a.m. – 5 p.m.

Closed: Saturday and Sunday Nsharif@villagespringvalley.org

Both centers will stay open until further notice depending on the traffic received.

Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. Visitors to the BRCs are encouraged to wear a face mask.

SBA also has Customer Service Representatives at all FEMA Disaster Recovery Center DRCs and mobile MDRCs to help business owners, homeowners and renters in completing their applications.

For a list of the closest Disaster Recovery Center (DRC) to your location call FEMA at 1-800-621-3362 or go the following website: https://fema.gov/DRC (see attached the FEMA mobile MDC schedule attached).

What Types of Disaster Loans are Available?

• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, nonprofit organizations such as charities, churches, private universities, etc., are also eligible.
• Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

Business loans are limited to $2,000,000 for physical damage, economic injury, or a combination of both.

• Home Disaster Loans – Loans to homeowners to repair or replace disaster-damaged real estate and personal property, including automobiles. Homeowners can borrow up to $200,000 to repair disaster-damaged real estate and up to $40,000 to repair or replace disaster-damaged personal property. Renters can borrow up to $40,000 to repair or replace disaster-damaged personal property.

What are the Credit Requirements?

• Credit History – Applicants must have a credit history acceptable to SBA.
• Repayment – Applicants must show the ability to repay all loans.
• Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral but requires you to pledge what is available.

What are the Interest Rates?

Interest rates are as low as 2.855% for businesses, 2% for nonprofit organizations, and 1.563% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

FIRST STEP: Register with FEMA at DisasterAssistance.gov or download the FEMA mobile App., or call (800) 621-3362.

SECOND STEP: Apply with SBA for a physical damage or economic injury disaster loan related to this disaster NY 17147.

How to apply: In person at one of the opened centers, on-line via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/ (Home (sba.gov)), or by mail to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

For more information:

• SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard of hearing).
• For more information, email disastercustomerservice@sba.gov, or visit SBA’s website at www.SBA.gov.