$1B+ in SBA Hurricane Ida assistance delivered

SBA Administrator Isabella Casillas Guzman announced yesterday that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused by Hurricane Ida in September.

As of October 25, the SBA Office of Disaster Assistance (ODA) has approved more than 20,600 low-interest disaster loans delivering a combined $1 billion in financial assistance to areas impacted by Hurricane Ida. The SBA is rapidly processing applications and will continue working to meet the needs of all those affected by this disaster. Businesses, homeowners, renters, and private nonprofit organizations in 67 counties and parishes across Georgia, Louisiana, Maryland, Mississippi, 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.

The deadline for residents of Louisiana impacted by Hurricane Ida to apply for financial assistance is October 28, 2021. Those that have not applied to receive aid yet are encouraged to apply as soon as possible. The owners of private property impacted by natural disasters, like Hurricane Ida, are eligible for up to 20% of their total physical losses, as verified by SBA, to incorporate protective measures to protect them against the next disaster.