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COVID-19

Posted on: March 26, 2020

Small Business Administration (SBA) - Economic Injury Disaster Loans

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On March 20, 2020, the State of New York received a Major Disaster Declaration FEMA-4480-DR from President Trump for the COVID-19 Incident. The U.S. Small Business Administration (SBA) has established a disaster declaration for New York which makes available Economic Injury Disaster Loans (EIDLs) for small businesses in New York State. The objective of the EIDLs it to provide working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. Please find the attached information from the SBA providing program details and application information.

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