Home Tags FEMA
In the wake of the damage left by Hurricane Sandy, small business needs all the help it can get.
The damage caused by Hurricane Sandy was extensive and is going to be very costly for Westchester and its municipalities.
Business interruptions from power outages and other hurricane effects could account for about one-third of total insurance losses in the disaster.
With President Obama’s disaster declaration in the wake of Hurricane Sandy, Connecticut businesses of any size are eligible for long-term, low-interest SBA loans of up $2 million to replace damaged real estate, equipment, inventory and other assets.
As of Nov. 5, FEMA had already allocated $1 million to residents in the state’s four counties that received federal disaster declarations.
Businesses across Westchester County are tolling the physical damage and financial costs of office and store closings, lost work hours and darkened trading floors in the wake of Tropical Storm Sandy.