SBA Disaster Loans & Disaster Declaration
A Disaster Declaration that was just made for an area of Northeast PA including Monroe County covering flooding that occurred on September 9 2023. The document below provides information on assistance for businesses and/or homeowners that may have been impacted.
Click here for more detailed information and contacts: Setp 9 2023 disaster declaration SBA program 2024_01_25_PA_20166_Fact Sheet
Types of Disaster Loans are Available
- Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
- Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
- Home Disaster Loans – Loans to homeowners