Jim Pierino Claims Manager View Bio

Governor Hochul announced SBA to offer federal assistance to WNY businesses and residents impacted by late December blizzard.

For eligible residents and businesses affected by winter storm Elliott in Erie, Cattaraugus, Chautauqua, Genesee, Niagara, and Wyoming counties, the U.S. small business administration is now providing access to low-interest loans to assist in the recovery from the storm.

Governor Kathy Hochul stated “My heart breaks for the families who lost loved ones during this once in a generation blizzard that wreaked havoc on my hometown of Buffalo, and the lasting impacts of the storm have not gone away. New Yorkers who suffered infrastructure damages as a result of the storm will now be able to access services from the U.S. Small Business Administration. These critical resources, in addition to our request for President Biden’s approval for a Major Disaster Declaration, will help provide necessary assistance for our local communities still recovering.”

The following groups may be eligible for SBA disaster loans:
• Homeowners: up to $200,000 to repair their primary residence
• Homeowners and renters: up to $40,000 to repair/replace damaged personal property
• Business owners: up to $2,000,000 for the replacement of real property, inventories,   machinery, equipment, and other physical losses
• Businesses and non-profits: Economic Injury Disaster Loans of up to $2,000,000 to provide necessary working capital until normal operations resume after a disaster

To apply for a loan:
New Yorkers can apply online, find additional information and download applications here. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf, hard of hearing, or have a speech disability, can dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

 

The filing deadline to return applications for physical property damage is April 28, 2023.
The deadline to return economic injury applications is November 27, 2023.

 

More information on the program and how to apply for a loan can be found here.