SBA Disaster Loans Available Following Secretary of Agriculture Disaster Declaration in New York

ATLANTA--(Business Wire)--
The U.S. Small Business Administration announces today that federal economic
injury disaster loans are available to small businesses, small agricultural
cooperatives and most private non-profit organizations of all sizes located in
the State of New York as a result of excessive rain and hail that began on May
1, 2009.

These loans are available in the following counties: Cayuga, Chenango, Columbia,
Delaware, Dutchess, Essex, Genesee, Greene, Herkimer, Jefferson, Lewis,
Livingston, Madison, Monroe, Montgomery, Nassau, Oneida, Onondaga, Ontario,
Orange, Orleans, Oswego, Otsego, Putnam, Rensselaer, Saint Lawrence, Saratoga,
Schoharie, Schuyler, Seneca, Steuben, Suffolk, Sullivan, Tompkins, Ulster,
Warren, Washington, Wayne and Yates in New York.

"When the Secretary of Agriculture issues a disaster declaration to help farmers
recover from damages and losses to crops, the Small Business Administration
issues a declaration to assist small businesses and most private non-profit
organizations of all sizes affected by the same disaster," said Frank Skaggs,
Director of SBA`s Field Operations Center East.

Under this declaration, the SBA`s Economic Injury Disaster Loan program is
available to farm-related and nonfarm-related small business concerns, small
agricultural cooperatives and most private non-profit organizations of all sizes
that suffered financial losses as a direct result of this disaster. Farmers and
ranchers are not eligible to apply to SBA.

Eligible small businesses and non-profit organizations may qualify for loans up
to $2 million. These loans are available at a 4 percent interest rate with loan
terms up to 30 years. The SBA determines eligibility based on the size of the
applicant, type of activity and its financial resources. Loan amounts and terms
are set by the SBA and are based on each applicant`s financial condition. Under
this disaster declaration, the SBA cannot provide loans to agricultural
producers.

Disaster loan information and application forms may be obtained by calling the
SBA`s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the
hearing-impaired) Monday through Friday from 8 a.m. to 9 p.m. EST or by sending
an e-mail to disastercustomerservice@sba.gov. Loan applications can be
downloaded from the SBA`s Web site at www.sba.gov/services/disasterassistance.
Completed applications should be mailed to: U.S. Small Business Administration,
Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Those affected by the disaster may apply for disaster loans from SBA`s secure
Web site at https://disasterloan.sba.gov/ela/.

Completed loan applications must be returned to SBA no later than June 21, 2010.

For more information about the SBA`s Disaster Loan Programs, visit our Web site
at www.sba.gov/services/disasterassistance.

Release Number: 10-063, NY 11917

U.S. Small Business Administration
Michael Lampton, 404-331-0333

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