WASHINGTON, D.C. — Isabella Casillas Guzman, Administrator of the U.S. Small Business Administration (SBA) announced that the agency has delivered more than $110 million in disaster rescue funds to small businesses, homeowners, renters, and nonprofit organizations recovering from damages caused by Hurricane Ida earlier this month.
“From the Gulf Coast to the Northeastern states, Hurricane Ida left a wide swath of damage in its wake, and SBA’s mission-driven team is working hard to help affected small businesses and residents get the help they need swiftly and efficiently,” said SBA Administrator Isabella Casillas Guzman. “We’re committed to providing federal disaster loans with a customer-centric approach to help businesses, individuals and communities recover and rebuild.”
As of Sept. 19, the SBA Office of Disaster Assistance (ODA) has approved more than 2,600 low-interest disaster loans delivering a combined $110 million in financial assistance to areas impacted by Hurricane Ida. The SBA is processing applications as quickly as possible and will continue to work to meet the needs of all those affected by this disaster.
Businesses, homeowners, renters, and private nonprofit organizations in 49 counties and parishes across Louisiana, New Jersey, New York, and Pennsylvania are eligible to apply for low-interest disaster loans to help repair the physical damage caused by Hurricane Ida. In addition, businesses and private nonprofit organizations can apply for Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster. For more information about the counties and parishes impacted, visit www.disasterloanassistance.sba.gov/ela/s/search-declarations.
Hurricane Ida disaster assistance adds to a growing total this year, as the SBA has now approved more than $267 billion to help residents across all 50 states and five territories recover from COVID-19 and natural disasters, including multiple hurricanes, floods, and wildfires, all of which have been rising in frequency and severity at significant physical, human, and economic costs. According to the U.N. World Meteorological Organization, seven out of 10 of the costliest disasters in the world in the last 50 years happened in the U.S. All of them were hurricanes and include Katrina in 2005 as well as Harvey, Irma, and Maria in 2017. The report also found that climate-related disasters increased five times in the last 50 years.
Ongoing SBA Office of Disaster Assistance (ODA) Actions:
As of September 2021, ODA personnel are responding to 60 open Presidential disaster declarations, 29 SBA Administrative disaster declarations, 57 Governor’s certifications, 168 Secretary of Agriculture declarations, and one Military Reservist Economic Injury Disaster Loan declaration. ODA has also loaned nearly $425 million to individuals affected by natural disasters.
SBA state its ODA assists with disaster recovery in all 50 states, Washington, D.C., and the five U.S. territories of American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.
Affected businesses and individuals may continue to apply online using the Electronic Loan Application (ELA) via SBA’s secure website at www.sba.gov/disasterassistance and should apply under SBA declaration #17147, not for the COVID-19 related Economic Injury Disaster Loan.
SBA states that questions about disaster loans can be emailed to [email protected] or directed to SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing).
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