Assemblyman Andrew Raia (R,I,C-East Northport) today announced a low-interest loan plan for homeowners, renters, and businesses impacted by the devastating storms which damaged properties and cut off power in many Long Island communities between March 12 and 30.
The disaster assistance is funded by the federal Small Business Administration (SBA) and does not impact New York State’s budget deficit. Individuals and businesses interested in applying for the low-interest loans to help pay for recovery costs should contact the SBA by June 18 for physical disaster loans and by January 19, 2011, for economic injury loans. Please go to www.sba.gov or call 1-800-U-ASK-SBA (1-800-827-5722) for more information on eligibility.
“The lives of homeowners, renters, and small-business owners in Suffolk County were disrupted, their property damaged or destroyed, and their neighborhoods transformed by the heavy winds and steady, lashing rains of the late-March storms,” said Raia.
“Now there’s help. The SBA is offering eligible families and businesses low-interest loans to help cover cleanup costs. Almost 470 homes and businesses suffered uninsured losses of 40 percent or more of their estimated pre-storm market value. I encourage Suffolk County residents concerned with meeting these unexpected expenses to contact the Small Business Administration today.”