The U.S. Small Business Administration has declared a disaster in the State of New York due to a Five Alarm Apartment Building Fire, effective from March 13, 2025. Residents of affected counties, including the Bronx and its surrounding areas, can apply for disaster loans via the MySBA Loan Portal. The deadline to apply for physical damage loans is May 12, 2025, and for economic injury loans, it is December 15, 2025. For additional information or assistance, individuals can contact the Office of Disaster Recovery & Resilience at the SBA.
Simple Explanation
The Small Business Administration is helping people in New York after a big fire by giving them loan money to fix things or help their businesses. People who want this help can ask for it by using a special online form, and they need to apply before certain dates in May and December.