SBA Deadline Approaching for Otsego County, NY Area Small Businesses Affected by Severe Storms and Flooding to Apply for Working Capital Disaster Loans
… any physical damage. Loan amounts can be up to $2 million with interest rates of 2.88 percent for small businesses and … 2 percent for private nonprofit organizations, with terms up to 30 years. The SBA determines eligibility … to replace lost sales or profits. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s …