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U.S. Small Business Administration Extended Timeline

Posted Monday, October 21, 2024
News

The U.S. Small Business Administration (SBA) announced today that it has extended the deadline in Vermont to apply for disaster loan assistance for physical damages. Survivors in declared counties now have until Nov. 25, to apply for federal disaster loans for physical damages due to severe storms, flooding, landslides and mudslides that occurred July 9 – 11.
Press Release
Fact Sheet

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On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

The disaster declaration covers Addison, Caledonia, Chittenden, Essex, Lamoille, Orleans and Washington which individuals and businesses are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs):  Franklin, Grand Isle, Orange, Rutland and Windsor in Vermont; Coos and Grafton in New Hampshire and Clinton, Essex and Washington in New York. 

Applicants can still get assistance at SBA’s Business Recovery Center (BRC) in Washington County. Customer Service Representatives at the BRC will help business owners complete their disaster loan application, accept documents, and provide updates on an application’s status. Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Business Recovery Center in advance. The Center address and hours of operation are indicated below.

Business Recovery Center (BRC) 
Washington County
Barre Municipal Auditorium 
20 Auditorium Hill
Barre, VT 05641 

Hours:  ​​​​​​​Monday - Friday, 9 a.m. to 6 p.m., Saturday, 10 a.m. to 2 p.m.
Closed: Sunday