The U.S. Small Business Administration announced a disaster declaration for a rural area in New York due to severe storms and flooding. The declaration permits businesses and residents in the affected areas to apply for disaster assistance loans online via the MySBA Loan Portal. The incident occurred between August 18 and August 19, 2024, with a deadline for physical loan applications on February 18, 2025, and economic injury loan applications on September 22, 2025. For further assistance, the public can contact the SBA's disaster assistance customer service center.
Simple Explanation
The people who help small businesses said that because of big storms and lots of rain in a part of New York, people can ask for money to fix things. They have until February next year for fixing places and until September to ask for help with business troubles.