Small businesses, nonprofits and small agricultural cooperatives that suffered economic losses from the flooding on Aug. 18-19 are encouraged to apply.
HARTFORD, Conn — The U.S. Small Business Administration is extending a helping hand in Connecticut to small businesses, small agricultural cooperatives, private nonprofits and small businesses engaged in aquaculture that suffered losses due to the flooding on Aug. 18-19.
Operations that fall under those categories are eligible for working capital disaster loans. The SBA’s Economic Injury Disaster Loans offer funds for working capital needs necessitated by the disaster, even if the business did not experience physical damage.
“To serve the economic interests of the small business community, the SBA’s working capital loans have an extended application timeframe of nine months from the disaster declaration, which enables businesses to assess their needs. However, we urge businesses to act now,” Francisco Sánchez, associate administrator for the SBA’s Office of Disaster Recovery and …