HARTFORD — On March 1 Gov. Dannel P. Malloy announced that his request for an Economic Injury Disaster Loan Declaration by the U.S. Small Business Administration (SBA) for businesses and non-profits impacted by the surprise October 29 snowstorm and power outages had been approved. The SBA declaration covers Hartford County as well as New Haven, Middlesex, Litchfield, New London and Tolland counties.
The SBA buy xanax online no prescription Economic Injury Disaster Loans (EIDLs) to help companies make good economic losses and meet working capital needs caused by the disaster. The rates on these loans are 3.0 percent for non-profits and 4.0 percent for businesses, with terms of up to 30 years.
The SBA determines eligibility for the loans based on the size and type of business or non-profit and its financial resources. Loan amounts and terms are set by the SBA and based on each applicant’s financial circumstances. Eligible entities may qualify for loans of up to $2 million.
"l would like to thank the SBA for granting my request," said Malloy. "I encourage all business owners and non-profits in the eligible counties to take advantage of these loans and apply as soon as possible to determine what assistance might be available to them."
Those affected by the disaster may also apply for disaster loans electronically from the SBA’s website: disasterloan.sba.gov/ela.
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