SBA Loans for Tenafly Businesses In Wake of Sandy

 There are SBA Loans available for Small businesses (and for property and possessions for homeowners), in addition to any federal disaster relief CDBG funding that will hopefully be obtained by the State of NJ and its affected counties.  Here is a full summary (, or see the shorter version below.

 In brief:

The SBA is doing damage assessments with officials from the Federal Emergency Management Agency and will be setting up disaster loan processing offices in the affected areas soon. (They are scouting locations now and typically set up in community centers, fire stations, and city halls.) Individuals who want to apply for loans for their business or residence can visit one of those centers, apply online, or call 800-659-2955. Loan applications can be submitted whether or not insurance claims have been filed or are anticipated.

 Business owners who need help preparing financial statements to accompany their SBA disaster business loan applications can get free assistance from local Small Business Development Centers, Women’s Business Centers, or SCORE offices.