Synagogues, mosques, temples, churches, other religious centers and non-profit organizations that suffered damages in Hurricane Sandy may apply for disaster assistance from the U.S. Small Business Administration.
While many may think that faith based organizations are not businesses, as non-profits they are eligible to apply for SBA’s low-interest disaster business loans. SBA loans can help fund repair or replace disaster-damaged property such as real estate, furniture, fixtures, equipment, vehicles, damaged contents and leasehold improvements.
Any interested organization may apply with the SBA, even before their insurance claims are settled. SBA loans must be paid back, but they can be financed up to 30 years making them affordable for most organizations.