ATLANTA – The U.S. Small Business Administration announced today that Merrimack County in New Hampshire has been added to the Presidential disaster declaration for Public Assistance resulting from damages caused by a severe storm and flooding from Oct. 29 through Nov. 1, 2017. Certain private nonprofit organizations (PNP) that do not provide critical services of a governmental nature may be eligible to apply for low-interest rate disaster loans.
PNPs located in the following counties are eligible to apply: Belknap, Carroll, Coos, Grafton, Merrimack and Sullivan in New Hampshire are eligible to apply to SBA. 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 may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The interest rate is 2.5 percent with terms up to 30 years.
PNP organizations are urged to contact their County’s Emergency Manager for information about their organization.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at Disasterloan.sba.gov.
For more information about SBA recovery assistance, visit www.sba.gov/disaster.