October 25, 2018

Sens. Warren, Markey & Reps. Tsongas, Moulton Affirm Small Business Administration Assistance to Merrimack Valley Businesses

Lawmakers Supported State's Request for Assistance Under SBA's Economic Injury Disaster Loan Program

Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.), along with Representatives Niki Tsongas (D-Mass.) and Seth Moulton (D-Mass.) released the following statement after the Small Business Administration (SBA) announced emergency assistance to small businesses and non-profit organizations impacted by the September 13th Merrimack Valley disaster, under the SBA's Economic Injury Disaster Loan (EIDL) program. Last week, the lawmakers called on the SBA to grant the Commonwealth's request for such assistance. They have also invited SBA Administrator Linda McMahon to visit the region to view the damage and the recovery underway first-hand.

"We are glad the Small Business Administration is offering disaster loans to Merrimack Valley businesses affected by the September 13th disaster. Last week, in support of a request from the Commonwealth of Massachusetts, we called on the SBA to do just that by making Economic Injury Disaster Loans (EIDL) available. The SBA will now provide low-interest loans of up to $2 million to small businesses and non-profits in impacted communities. SBA's Customer Service Representatives are available to answer questions about the disaster loan program and help individuals complete their applications at the Business Recovery Center located at Olde Station Square Building, 65 Merrimack St., in Lawrence; individuals may also apply online at DisasterLoan.sba.gov. Our invitation to Administrator McMahon to visit the communities, business owners, and residents impacted by this disaster still stands."