The deadline is approaching for small businesses and private nonprofit organizations in Connecticut to apply for low-interest federal disaster loans to cover costs from the severe storms last August.
The U.S. Small Business Administration said the deadline is June 20 to apply for loans to offset economic losses from flooding, landslides and mudslides during severe storms on Aug. 18 and 19, 2024.
Stream Connecticut News for free, 24/7, wherever you are.
WATCH HEREThe disaster declaration covers Fairfield, Hartford, Litchfield, Middlesex and New Haven counties in Connecticut and small businesses, small agricultural cooperatives, nurseries and private nonprofit can apply.
Photos: Heavy rain causes flooding, knocks out roads and bridges
Get top local Connecticut stories delivered to you every morning with the News Headlines newsletter.
SIGN UP The SBA said it cannot provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for private nonprofits with terms up to 30 years. You can apply online at sba.gov/disaster.
Applicants could also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
