FEMA Assistance Applications open, SBA Centers in Oxford, Monroe
Friends and neighbors,
A major disaster declaration has been approved in response to the August 18th extreme flooding in our area. Residents and business owners who sustained losses in the designated areas can begin applying for assistance by clicking the button below, by calling 800-621-FEMA (3362), or by using the FEMA app.
Federal assistance could include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners.
The state, FEMA and SBA are currently identifying locations in the impacted counties to open disaster recovery & business recovery centers that will provide in-person support to help affected individuals apply for assistance.
SBA Opens Business Recovery Centers
The U.S. Small Business Administration (SBA) has opened Business Recovery Centers (BRC) in Oxford, at the Oxford Town Hall, and in Monroe, at the Monroe Police Department, to assist businesses with losses due to severe storm, flooding, landslides and mudslides. The disaster declaration covers Fairfield, Litchfield and New Haven counties which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.
SBA’s Customer Service Representatives can assist business owners complete their disaster loan application, accept documents, and provide updates on an application’s status.
Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Business Recovery Center in advance.
Application Filing Deadlines:
Physical Damage: November 19, 2024
Economic Injury: June 20, 2025
What 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 or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
What are the Credit Requirements?
- Credit History – Applicants must have a credit history acceptable to SBA.
• Repayment – Applicants must show the ability to repay all loans