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Otsego, Chenango, Montgomery Counties eligible for SBA Disaster Loans

By MEGAN KOSKOVICH

Story Created: Sep 1, 2011 at 11:19 AM EDT

Story Updated: Sep 1, 2011 at 11:19 AM EDT

WASHINGTON, D.C. (WKTV) - The U.S. Small Business Administration is offering financial help to counties in New York affected by Hurricane Irene.

Small businesses and most private, non-profit organizations in 15 counties are eligible to apply for SBA Economic Injury Disaster Loans. The list includes, Otsego, Chenango, Montgomery, Hamilton, Broome, Clinton, Columbia, Franklin, Orange, Putnam, Rensselaer, Saratoga, Sullivan, Warren and Washington counties.

The following counties are eligible to apply for Physical and Economic Injury Disaster loans: Albany, Delaware, Dutchess, Essex, Green, Schenectady, Schoharie and Ulster.

Business and private non-profits can borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory or other business assets.

To apply for an SBA loan, call FEMA at 800-621-FEMA (3362). For additional information on the process, call the SBA Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov

The deadline to return economic injury applications is May 31, 2012.
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