SBA disaster loan centers open for Suffolk flood victims
Brookhaven Town Supervisor Dan Panico (R) announced the opening of two U.S. Small Business Administration (SBA) Disaster Loan Outreach Centers (DLOCs) to assist New York businesses and residents affected by the severe storms and flooding which took place this past August 18–19.
The centers, located at the Rose Caracappa Senior Center in Mount Sinai and in the Village of Head of the Harbor in Saint James, will help residents and business owners recover from disaster-related losses.
Loan Details:
● Businesses and Nonprofits: Eligible to borrow up to $2 million to repair or replace disaster-damaged real estate, equipment, inventory and other assets.
● Small Businesses, Agricultural Cooperatives, Aquaculture Businesses and Most Private Nonprofits:: Economic Injury Disaster Loans (EIDLs) are available to help with working capital needs even if no physical property damage occurred.
● Homeowners: Loans up to $500,000 to repair or replace damaged real estate.
● Renters and Homeowners: Loans up to $100,000 to repair or replace damaged personal property.
The SBA Customer Service Representatives at the centers can assist with disaster loan applications, accept documents for existing applications and provide status updates. Walk-ins are welcome but appointments can be scheduled.
DLOC Locations and Hours:
Rose Caracappa Senior Center
● 739 NY-25A, Mount Sinai
● Hours: Monday–Friday, 9 a.m.–6 p.m.; Saturday, 10 a.m.–2 p.m.; Closed Sunday
Village of Head of the Harbor
● 500 N. Country Rd., Saint James
● Hours: Monday–Friday, 9 a.m.–6 p.m.; Saturday, 10 a.m.–2 p.m.; Closed Sunday
The disaster declaration includes Suffolk County and neighboring Nassau County. Residents affected by the storms are encouraged to visit the centers for assistance. For more information on this program visit www.sba.gov.
