Federal Government Issues Emergency Declaration to Provide Economic Injury Disaster Loan Assistance to Suffolk County Small Businesses
PATCHOGUE, NY - Congressman Lee Zeldin (R, NY-1) just announced that the United States Small Business Administration (SBA) issued this afternoon an emergency declaration making Economic Injury Disaster Loans available to small businesses and private, non-profit organizations in the State of New York, including Suffolk County. This action was taken following bipartisan calls for this declaration from Congressman Zeldin and other elected officials serving within multiple levels of government.
The SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue. These loans may be used to pay fixed debts, payroll, account payable and other bills that can’t be paid due to the disaster’s impact.
“Over 99% of businesses in the entire country are small businesses, and, employing nearly 50% of our entire workforce, the health and vitality of our local small businesses are critical to our entire way of life,” said Congressman Zeldin. “This critical support for our local small businesses will help ensure that they and the Long Islanders who rely on them emerge stronger than ever on the other side of the coronavirus outbreak.”
Small business owners who wish to learn more, determine eligibility and apply, should visit SBA.gov/disaster.
Congressman Zeldin also tweeted the announcement here.