- Fairfield County included in recent disaster declaration related to the remnants of Hurricane Ida
- Storm caused severe flooding in several areas due to substantial rainfall
- Businesses can qualify for SBA assistance to address physical damages or economic losses
Summary by Dirk Langeveld
Fairfield County businesses that suffered damages or economic loss as a result of the remnants of Hurricane Ida may be eligible to receive disaster assistance from the U.S. Small Business Administration.
The storm blew through the region from Sept. 1 to 3, creating the first declared flash flood emergency in Connecticut and dropping more than eight inches of rain in some parts of the state. A disaster declaration was issued for several New York counties that suffered severe flooding, but the SBA’s Connecticut District Office says the declaration also extends to Fairfield County.
- The SBA offers Business Physical Disaster Loans to repair or replace property, as well as Economic Injury Disaster Loans to provide working capital to help small businesses fulfill financial obligations they cannot meet due to the disaster
- The deadlines are Nov. 4 for Business Physical Disaster Loans and June 6 for Economic Injury Disaster Loans
- Applicants must meet certain requirements, including a sufficient credit history, demonstrated ability to repay loans, and collateral for loans of $25,000 or more