Support for small business applying for SBA loans - BlueStone Press
August 4, 2020
small business support

Support for small business applying for SBA loans

SUNY Ulster’s Mid-Hudson Small Business Development Center (SBDC) Offers Businesses Counseling and Support in Applying for SBA Economic Injury Disaster Loans

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SUNY Ulster’s Mid-Hudon Small Business Development Center (SBDC), located at the Kingston Center of SUNY Ulster is offering counseling and support to businesses affected by the COVID-19 virus that are interested in applying for the SBA Economic Injury Disaster Loan (EIDL).

Because New York State has been designated a disaster zone for small businesses, small agricultural cooperatives, and most private nonprofit organizations may be eligible for up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. Loan amounts are based on actual economic injury and company financial needs. Businesses that believe they might qualify can apply online.

Arnaldo Sehwerert, regional director of the Mid Hudson SBDC affirms, “This is not the first time our region has had to deal with disaster and SUNY Ulster’s Small Business Development Center is putting in place all the experience and expertise gathered after 9/11, Super storm Sandy, and the downturn of 2008. This time around, we are called to face up to a challenge that affects all types of business, at all levels, including our own personal lives. We will be doing our best to bring sensible realistic answers to our clients’ problems by working as a team with the College, the Ulster, Dutchess, and Orange Chambers and the County Executive offices of Ulster, Dutchess, and Orange.”

SBDC has a long standing track record for providing Ulster, Sullivan, Orange, Greene, Delaware, Schoharie, and Dutchess counties with award-winning one-to-one counseling, training, and research services to assist with small business start-ups, expansions, or turnarounds. Since its inception in 1985, the advisors of the Mid-Hudson SBDC have worked directly with over 20,000 businesses, helping them to invest nearly $690 million in the area’s economy, and create or save over 19,000 jobs.

To request SBDC services, interested parties should make a request for an online appointment with one of our counselors at www.nysbdc.org/appointment.html

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