Wilmington Businesses May Be Eligible For Financial Assistance To Address Psychical & Economic Damage From Extreme Winter

The Town Manager’s Office wanted all Wilmington business to be aware of this…

WASHINGTON, DC — The Federal Government, through Congressman Seth Moulton’s Office and the Massachusetts Emergency Management Agency are asking that communities share this important information.

Private non-profits and small businesses may be eligible to receive assistance and low interest loans to address damage both physical and economic resulting from the extreme winter conditions experienced this year.  Details regarding the assistance programs are below.  Deadlines are fast approaching.

WINTER STORM GRANTS & LOANS AVAILABLE TO NONPROFITS & SMALL BUSINESSES

Snow Removal Grant Assistance for Government Agencies & Private Nonprofit Organizations

DEADLINE: JUNE 10, 2015

Disaster grant assistance is available for certain nonprofit organizations (as well as local, county and state government) for debris removal, emergency protective measures, and the repair, replacement, or restoration of disaster-damaged, publicly owned facilities and the facilities of certain Private Non-Profit (PNP) organizations, during the January 26-28 storms. Payment of no less than 75% for snow assistance, for a continuous 48 hour period of time during or proximate to the incident period. Snow Assistance may include snow removal, de-icing, salting, snow dumps, and sanding of roads and other facilities essential to eliminate or lessen immediate threats to life, public health, and safety.

Additional information, and application materials, can be found HERE.

Physical Damage Loans for Nonprofits

DEADLINE: JUNE 12, 2015

Low-interest loans from the U.S. Small Business Administration (SBA) are available to qualifying private nonprofit organizations for physical damages caused by the record-breaking snowfall and extreme cold temperatures between Jan. 26, 2015 and Feb. 22, 2015

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website.

Economic Injury Loans for Small Businesses & Nonprofits

DEADLINE: FEBRUARY 15, 2016

Low-interest economic injury disaster loans from the U.S. Small Business Administration (SBA) are available to Massachusetts small businesses, small agricultural cooperatives, small aquaculture businesses and private non-profit organizations affected by the record-breaking snowfall and extreme cold temperatures between Jan. 26, 2015 and Feb. 22, 2015

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website.

(NOTE: The above is a press release from the Town Manager’s Office.)

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