The Small Business Administration will offer loans to small businesses, nonprofits, and other small business ventures in several Connecticut counties affected by tornadoes and severe storms this spring.

Businesses and nonprofits in New Haven, Fairfield, Litchfield, Hartford, and Middlesex counties are eligible for SBA loans to help with physical and economic damages caused by the May 15 storms.

SBA small business disaster loans
Small businesses can apply for SBA disaster assistance loans online.

The federal government this week approved SBA's request to provide disaster assistance to small businesses, nonprofits, and residents.

The SBA's Disaster Loan Outreach Center in Southbury will remain open through Oct. 18 to help process applications and provide information.

The center is located at the Southbury Training School, 1461 South Britain Road.

The SBA is offering Economic Injury Disaster Loans to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations, to help meet working capital needs caused by the disaster.

The assistance is available regardless of whether the businesses suffered physical property damage.

Application Process

Applications are available and can be submitted online via SBA's Disaster Loans Assistance website.

You may also download an application through the main SBA website and mail it to the SBA Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas, 76155.

You may call the SBA at 800.659.2955, or send an email.

Hours for the Disaster Loan Outreach Center in Southbury:

  • Oct. 12, until 6 pm
  • Oct. 13, 10 am-2 pm
  • Oct. 15-17, 9 am-6 pm
  • Oct. 18, 9 am-4 pm

The deadline to return applications for physical property damage is Dec. 10, 2018. The deadline to return economic injury applications is July 9, 2019.

You may track the status of your application online.

Filed Under: Financing

Leave a Reply

Your email address will not be published.