Posted by Christina K. Bell
It’s the week of Thanksgiving and thanks to the U.S. Small Business Administration (Administration) Delaware nonprofits affected by recent super-storm Sandy may have something extra to be thankful for this year. This week the Administration announced that Delaware nonprofits who were impacted by Hurricane Sandy either physically, economically, or both, may be eligible for low interest loans to aid in their recovery. Eligible Delaware nonprofit include private nonprofits within the state that provide non-critical services to individuals. Examples include schools, shelters and food kitchens. Organizations physically impacted by the storm may apply for a disaster loan designed to assist an organization in repairing or replacing business property damaged or destroyed during the storm. Organizations which suffered no physical damage but did suffer an economic impact may qualify for an Economic Injury Disaster Loan designed to assist an organization in meeting normal operating expenses.
For more information on these loans and how to apply refer to the SBA Website: http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/disaster-loans.