ACCD: SBA and FEMA Deadline Extension | Vermont Business Magazine

Submitted by tim on Tue, 09/05/2023 - 15:49

Severe Storm Recovery Update, September 5, 2023

Pink Shutter on State Street in Montpelier working to build back from the flood.

Vermont Business Magazine

SBA and FEMA Deadline Extension

Agency of Commerce and Community Development The SBA is extending its deadline for Physical Damage loan applications to October 12, 2023. That’s a one-month extension.

This is for businesses that suffered physical damages in Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor Counties. Damages must have occurred between July 7 and July 17.

Disaster survivors with insurance should not wait for their settlement before applying for an SBA loan. Learn more online or visit one of Vermont's three SBA Disaster Recovery Centers.

FEMA is also extending its deadline until October 12. FEMA provides grants to individuals in disaster-declared counties that can be used for temporary housing, home repairs and other disaster-related needs. Despite the extension, FEMA is urging people to apply now online or in person so their claim is processed as soon as possible.

Economic Injury Data Needed
Is summer flooding cutting into your bottom line? ACCD needs your help to assess all the damage. Please take this 10-minute survey on lost revenue and ongoing financial challenges.

The more responses, the better the chances of getting additional resources to organizations working to rebuild their business.

There is currently no grant program for businesses that exclusively suffered economic damage.

Application Help
Vermont Law and Graduate School is holding three pop-up clinics to help businesses, renters and homeowners apply for federal and state aid. The first one is on campus Wednesday, September 6 from 11:00 to 3:00 in Oakes 109.

Future clinics will be in Ludlow and Barre. See the ACCD Severe Storm Recovery Resource Center for dates and times.

Efficiency Vermont Grants
Efficiency Vermont just launched $36 million in flood recovery programs, including $1 million to help support businesses focusing on electric efficiency as part of their rebuild efforts. There is also money available to provide incentives for contractors helping flood-impacted customers and bonuses if they install electric heating units. Here are more details on those grant opportunities and how to apply.

Sept 5, 2023