SBA disaster loans for new Sandy declaration tops $5 million

On Dec. 2, 2015, the U.S. Small Business Administration announced that federal disaster loans are again available as a result of Hurricane Sandy.  These low-interest loans are available to small businesses, most private nonprofit organizations, homeowners and renters located in New Jersey, regardless if they applied during the initial Hurricane Sandy disaster declaration or not.  To date, SBA has approved 131 loans totaling $5,099,500.

• For more details, please Subscribe to our digital edition, or buy the February 3, 2016 paper.