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Businesses in Vermont that have been impacted by recent flooding can now apply for disaster loans through the Small Business Administration (SBA). The loans are available to businesses in several counties that were affected by severe storms and flooding.
The SBA disaster loans can be used to repair or replace damaged property, inventory, machinery, and equipment. Businesses of all sizes and private nonprofit organizations are eligible to apply for these loans. Additionally, homeowners and renters who have suffered damage to their primary residence may also be eligible for assistance.
Business owners in Addison, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans, Washington, Windham, and Windsor counties are encouraged to apply for the disaster loans. The loans have low interest rates and long-term repayment options to help businesses recover and rebuild after the damage caused by the flooding.
To apply for an SBA disaster loan, businesses must first register with the Federal Emergency Management Agency (FEMA) online or by calling the FEMA helpline. Once registered with FEMA, businesses can then apply for the SBA disaster loans online or by contacting the SBA’s Customer Service Center.
Business owners are urged to apply for the disaster loans as soon as possible to get the assistance they need to recover from the flooding. The loans can provide vital financial support to help businesses get back on their feet and continue operating in the aftermath of a natural disaster.
For more information on the SBA disaster loans and how to apply, business owners can visit the SBA’s website or contact their local SBA office. By taking advantage of these loans, businesses in Vermont can receive the help they need to overcome the challenges posed by the recent flooding and rebuild for a more resilient future.
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