Did you have to close your business for a period of time as a result of Hurricane Sandy? Was your business revenue impacted as a result?
If so, you are eligible for low-interest loans from the government's primary source for funding, replacing and rebuilding businesses, nonprofits, homes and apartments, through the U.S. Small Business Administration.
Rates go as low as 1.6 percent. However, one filing deadline comes Dec. 31.
- Businesses and non-profits up to $2 million can apply for physical property losses, real estate, machinery and equipment, inventory and other business assets. Deadline is Dec. 31, 2012.
- Small businesses and most private non-profits may apply for up to $2 million for "economic injury" for time you were closed, to help pay your fixed debt and salaries. No physical damages necessary to qualify. Interest Rates are as low as 3% for Non-Profit Organizations, 4 percent for businesses of any size. Loan repayment terms up to 30 years. Deadline is July 31, 2013.
For more information, visit U.S. Small Business Administration, Office of Disaster Assistance.