(Update 3.26.2020) SBA Economic Disaster Loan

(Update 3.26.2020)

Arnaldo Sehwerert, Ph.D.
Regional Director- Mid-Hudson Small Business Development Center
SUNY Ulster Kingston Center

Here’s the link to the new application page with instructions for uploading documentshttps://disasterloan.sba.gov/ela/IMPORTANT: You may have to clear your browser cache if you receive an error accessing this page. The page has links to all of the relevant forms, and they have also been attached to this message.

 Some notes to help assist with the application:

 Our office is advising businesses to fill out the PDF forms and reach out to the Small Business Development Center if they need assistance with compiling the financial information. They may request assistance with the application at www.nysdbc.org to make an online request.

 In addition to the attached forms, they will also need to submit the most recently filed tax returns for the business and all owners of the business or a justification if not available. Sole proprietors are required to complete the 5C loan application form. All other businesses should fill out the form 5 business loan application.

Notes on filling out the forms:

  • On all forms “Damaged Property” simply refers to your primary location for the operations of the business.
  • On Form 5, skip box 15, this only applies to property damage loans.
  • There is no specific location to input a requested loan amount. The loan amount is determined by the supporting documents and any other relevant financial information provided that substantiates the economic injury.
  • All owners with 20% or greater ownership in the business must be included in the application.

 

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Our priority is the economic health of our community and businesses.  You can apply for  SBA Disaster loan assistance at: disasterloan.sba.gov  The U. S. Small Business Administration (SBA) provides low-interest, long-term disaster loans to businesses of all sizes, private non-profit organizations providing an.  affordable way  to recover from declared disasters.

Please choose Orange County from the drop down window 

If you are seeking an SBA economic disaster loan and need assistance with the application please request SBDC services  at http://www.nyssbdc.org/appointment.html.  The request will  go to our partners at the SBDC at their Mid-Hudson Center.  They will be assisting clients remotely and will be helping them to fill out the application.  They will also be providing the appropriate counseling to deal with the consequences of the pandemic.

We appreciate your membership in the Orange County Chamber of Commerce and will be sending you the most up to date and verified information to assist in your business continuity planning.