October 4, 2023 3:44 PM

July Storm Disaster Loans for Small Businesses

The U.S. Small Business Administration has approved a disaster declaration for Pennsylvania, with the primary county being Northampton, as a result of the storms and flash flooding event from July 15, 2023 – July 16, 2023.

Physical Loan Application; Deadline Date: 12/01/2023
Economic Injury (EIDL) Loan Application; Deadline Date: 07/02/2024

The Interest Rates for Physical Damage Are:
Homeowners with Credit Available Elsewhere Rate: 5%
Homeowners without Credit Available Elsewhere Rate: 2.5%
Businesses with Credit Available Elsewhere Rate: 8.0%
Businesses without Credit Available Elsewhere Rate: 4.0%
Non-Profit Organizations with Credit Available Elsewhere Rate: 2.375%
Non-Profit Organizations without Credit Available Elsewhere Rate: 2.375%

The Interest Rates for Economic Injury Are:
Businesses & Small Agricultural Cooperatives without Credit Available Elsewhere Rate: 4.0%
Non-Profit Organizations without Credit Available Elsewhere Rate: 2.375%

Submit completed loan applications to:
U.S. Small Business Administration,
Processing and Disbursement Center,
14925 Kingsport Road,
Fort Worth, TX 76155

If you are a City of Easton business and would like to be notified when the applications become active, please reach out to John Kingsley at jkingsley@easton-pa.gov and Sean Ziller at sziller@easton-pa.gov
FOR FURTHER INFORMATION DIRECTLY FROM THE SBA, CONTACT: Alan Escobar, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street, SW., Suite 6050, Washington, DC 20416, (202) 205-6734.