SBA Disaster Assistance Available To Private Non-Profit Organizations In Connecticut
ATLANTA, Dec. 3, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that certain Private Non-Profit Organizations (PNPs) in Connecticut that do not provide critical services of a governmental nature may be eligible to apply for low interest rate disaster loans. These loans are available as a result of a Presidential disaster declaration for Public Assistance resulting from damages caused by Hurricane Sandy that occurred from Oct. 27 through Nov. 8, 2012.
PNPs located in Fairfield, Litchfield, Middlesex, New Haven, New London, Tolland and Windham in counties and Mashantucket Pequot Tribal Nation and Mohegan Tribal Nation located within New London County in Connecticut that provide non-critical services are eligible to apply. Examples of eligible non-critical PNP organizations include, but are not limited to food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
"PNP organizations are urged to contact Connecticut Emergency Management (DEMHS) to obtain information about local briefings. At the meeting, PNP representatives will need to provide information about their organization," said Frank Skaggs, director of SBA Field Operations Center East in Atlanta. The information will be used to submit a Request for Public Assistance, which FEMA uses to determine if the PNP provides an essential governmental service and meets the definition of a "critical facility." Based upon that conclusion, FEMA may provide the PNP with a Public Assistance reimbursement grant for their eligible costs or refer the PNP to SBA for disaster loan assistance. For Public Assistance (PA), PNPs need to submit a Request for Public Assistance (RPA) to the State by Dec. 30, 2012.PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV