![\"On](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/05\/GettyImages-1177821524-e1778697833436.jpg\")
\t\t\t<\/p>\n\t\t\t\t\t\t\t<\/p>\n
For parties who suffered hardships and losses from the Long Island winter storms, help may be available through the Small Business Administration (SBA), which is offering low-interest loan opportunities.<\/p>\n
Photo: Getty Images.<\/p>\n
On May 11, the Small Business Administration<\/a> (SBA) Office of Disaster & Recovery Resilience announced the availability of low-interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in New York to offset economic losses caused by freeze, ice floes, and tidal surge incidents between Jan. 26 and February 23. Suffolk, Nassau, and New York City counties are all eligible. The Declaration Number is NY-20032<\/strong>, and the filing deadline is Dec. 21, 2026<\/strong>.<\/p>\n Under this declaration, the SBA\u2019s Economic Injury Disaster Loan (EIDL)<\/a> program is available to eligible small businesses, small agricultural cooperatives, and PNPs\u2013including faith-based organizations\u2014with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises. EIDLs are available for working capital needs resulting from the disaster and can be used even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could not be paid due to the disaster.<\/p>\n \u201cThrough a declaration by the U.S. Secretary of Agriculture,\u00a0SBA\u00a0provides critical financial assistance to help communities recover,\u201d said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the\u00a0SBA. \u201cWe\u2019re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.\u201d<\/p>\n The loan amount can be up to $2 million, with interest rates as low as 4% for small businesses and 3.625% for PNPs, and terms of up to 30 years. Interest does not accrue, and payments are not due until 12 months after the first loan disbursement. The SBA sets loan amounts and terms based on each applicant\u2019s financial condition. To apply online, visit sba.gov\/disaster<\/a>.\u00a0Applicants may also call\u00a0SBA\u2019s Customer Service Center at (800) 659-2955 or email\u00a0disastercustomerservice@sba.gov<\/a>\u00a0for more information on\u00a0SBA\u00a0disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.<\/p>\n The U.S. Small Business Administration helps power the American dream of business ownership. The SBA is the go-to resource and voice for small businesses, backed by the federal government. We help entrepreneurs and small business owners start, grow, expand, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http:\/\/www.sba.gov<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"For parties who suffered hardships and losses from the Long Island winter storms, help may be available through…\n","protected":false},"author":3,"featured_media":794064,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,31490,152193,324073,58437,324074,324075,7834,405,403,5226,5225,5228,5227,30079,324076,152192,152191,20878,20879,7836,324077,67,586,132,5230,68,2969],"class_list":{"0":"post-794063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-aquaculture","10":"tag-bronx-county","11":"tag-chris-stallings","12":"tag-economic-injury-disaster-loan","13":"tag-eidl","14":"tag-manhattan-county","15":"tag-nassau-county","16":"tag-new-york","17":"tag-new-york-city","18":"tag-newyork","19":"tag-newyorkcity","20":"tag-ny","21":"tag-nyc","22":"tag-office-of-disaster-recovery-resilience","23":"tag-private-nonprofit","24":"tag-queens-county","25":"tag-richmond-county","26":"tag-sba","27":"tag-small-business-administration","28":"tag-suffolk-county","29":"tag-u-s-secretary-of-agriculture","30":"tag-united-states","31":"tag-united-states-of-america","32":"tag-unitedstates","33":"tag-unitedstatesofamerica","34":"tag-us","35":"tag-usa"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/794063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=794063"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/794063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/794064"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=794063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=794063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=794063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/05\/images-1.jpg\")
Visit sbs.gov to find out what other assistance programs are available. Graphic: SBA.gov.<\/p>\n