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Posted at 11:08 AM ET, 12/11/2012

SBA OKs $156 million in distaster loans to small businesses hit by Superstorm Sandy

In the month after Hurricane Sandy, the Small Business Adminsitration approved $156.56 million in low-interest disaster loans to 2,507 homeowners, renters and businesses in New York, New Jersey, Connecticut and Rhode Island.


NEW YORK, NY - NOVEMBER 10: Clean-up continues amongst piles of debris where a large section of the iconic boardwalk was washed away on Nov. 10, 2012 in the heavily damaged Rockaway neighborhood of the Queens borough of New York City. (Spencer Platt - GETTY IMAGES)
The SBA has 377 employees working at 113 business recovery centers in those states. Business owners interested in loans can apply online.

For residents of New York, New Jersey and Connecticut, the filing deadline for physical property damage is Dec. 31, 2012, and July 31, 2013 for economic injuryloans.

In Rhode Island, the deadline for physical damage is Jan. 15, 2013, and Aug. 14, 2013 for economic injury.

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By  |  11:08 AM ET, 12/11/2012

 
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