NYC 9/11 Public Portal Document
Q&A 10/03/01
Lane (between Pearl and Water) and 633 3^ Avenue (between 40** and 41®*). The SBA (1-
800-659-2955) has information on their website at www.sba.Qov/disaster/newvorkfires.htmi
about financial assistance for disaster recovery. (More details on services below.)
3) The Federal Emergency Management Agency (FEMA) (1-800-462-9029) has a number of
loans and services (More details on services below.)
4) The New York Citv Invistment Fund will be posting Information on its website about private
sector sources at www.nvcif.org.
-> City/State Disaster Loans
The City is in the process of setting up the WTC Disaster Recovery Loan Program which will
provide bridge loans of up to $100,000 within three days of application to businesses and non
profits that have suffered economic injury or physical damage. The purpose of these loans is to
provide immediate relief to businesses that are waiting for their SBA loans to be processed.
Banks involved in the program will include:
JP Morgan Chase 888-842-8786
Fleet 212-703-1850
Citibank, N.A. 800-328-CITI (2484)
Banco Popular 212-445-1991
HSBC Bank USA 800-975-HSBC(4722)
The Bank of New York 212-527-3731
For more information about the WTC Disaster Recovery Loan Program, and to apply for
assistance, business owners may visit the branch office of any participating bank.
SBA loans include;
Business Physical Disaster Loans for Small Businesses- Loans to businesses to repair or
replace disaster damages to property owned by the business, including real estate, machinery
and equipment, inventory and supplies. Businesses of any size may be eligible. Nonprofit
organizations such as charities, churches, private universities may also be eligible.
Economic Injury Disaster Loans (EIDL) for Small Businesses - Loans for working capital to small
businesses to assist them through the disaster recovery period. These loans cover operating
expenses the business could have afforded to pay, if the disaster had not occurred.
Disaster Assistance Loans for Homes & Personal Property Loans to homeowners or renter to
repair or replace disaster damages to real estate or personal property owned by the victim.
Renters are eligible for personal propertv' -^4s, only.
FEMA services include:
• Disaster unemployment assistance for those out of work as a result of the disaster,
including self-employed persons and others not normally eligible for unemployment;
Last printed 10/03/2001 11:49 AM 10
NYC-WTC_000148124
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