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Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

SBA approves up to $1B in Sandy disaster loans for NY

Businesses and homeowners in declared disaster areas may

Photo credit: Newsday / Alejandra Villa

The Small Business Administration has approved more than $1 billion in disaster loans for New York homeowners and businesses affected by superstorm Sandy, the federal agency said Tuesday. That amounts up to roughly 15,000 loans.

Businesses and homeowners in declared disaster areas are able to apply for SBA disaster loans, which are offered low interest rates. Businesses may apply for up to...

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