I-95 clusure

Community

Disaster Declaration Clears Way For SBA Loans For Business Impacted By I-95 Closure

Written by Alex Lloyd Gross, June 30, 2023

The SBA’s Economic Injury Disaster Loan (EIDL) program provides low-interest loans for small businesses, small agricultural cooperatives, and most private nonprofit organizations. The SBA can provide up to $2 million to help businesses meet financial obligations and operating expenses that could have been met had the disaster not occurred. The SBA tailors the repayment of…