ATLANTA – U.S. Small Business Administration (SBA) Extends Help to PNP Organizations in Vermont

The U.S. Small Business Administration (SBA) is extending a helping hand to certain Private Non-Profit (PNP) organizations in Vermont that were impacted by severe storms, flooding, landslides, and mudslides starting on July 7. If your organization doesn’t provide critical governmental services, you may be eligible to apply for low-interest disaster loans to aid in recovery efforts.

Eligible Counties and Organizations

PNP organizations in the following Vermont counties may apply for assistance: Bennington, Orange, and Washington. Examples of eligible non-critical PNP organizations include (but are not limited to) food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

Loan Details

Qualified PNP organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory, and other business assets. The low-interest rate of 2.375 percent and flexible repayment terms of up to 30 years make these loans accessible and manageable.

Application Deadline

The deadline to submit applications for physical property damage is Sept. 12, 2023. For economic injury applications, the deadline is April 15, 2024.

Additional Information

For more information or to obtain disaster loan application forms, call the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, dial 7-1-1 for telecommunications relay services) or email DisasterCustomerService@sba.gov. You can also download loan applications from the SBA’s website at www.sba.gov/disaster. Once completed, mail the applications to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The SBA stands ready to support your organization’s recovery journey. Don’t miss this opportunity to access vital financial assistance and get back on your feet. Act now and let us help you rebuild and strengthen your valuable contributions to the community.

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