2007 NH Flood Assistance Information

SBA Disaster Assistance for Businesses

President Bush's disaster declaration has made U.S. Small Business Administration loan assistance available for physical damage recovery in Grafton, Hillsborough, Merrimack, Rockingham, and Strafford counties. 

Also, businesses in all ten NH counties may be eligible for economic injury recovery through SBA working capital loans. 

The SBA Disaster Fact Sheet provides details.

The SBA application is available for download at http://www.sba.gov/services/disasterassistance/basics/howtoapply/index.html

and NH Disaster Recovery Centers are now established. 

FEMA/SBA (mobile) Disaster Recovery Centers

Opened:  Monday, April 30           Open:       Monday-Saturday

                                                        Hours:      8:00 AM to 8:00 PM

For more information, visit www.sba.gov, or call toll-free 1-800-659-2955.

State of NH Flood Information

New Hampshire's Division of Economic Development is offering technical assistance to businesses impacted by the flooding. Businesses that suffered flood damage should contact the state Business Resource Center at 1-800-417-4110 during regular business hours. For much more flood disaster information, visit the State flood webpage. 

DRED has also provided the following information on possible financing options:

NH Business Finance Authority (BFA):  The Capital Access Loan Program (CAP) lending program is an option for financing and possibly to bridge a loan short term while waiting to hear from the SBA.  Additional details and a listing of participating banks are located on the following website:  http://www.nhbfa.com/cap.htm.   (If your bank is not listed, they may call the NHBFA at 271-2391 for additional information.)

Ocean National Bank flood assistance loans available:  In response to storm related needs, Ocean National has established several loan programs designed to enable businesses and individuals to re-establish themselves at an expedited pace.  (For more information, call 800-367-8862 or visit eOcean.com.)

NH Small Business Development Center Assistance

The NH SBDC is offering management assistance to NH businesses affected by the flood disaster.  Business advisors can help assess business losses due to the flooding and determine what can be done to address the issues.  Please call 862-2200 or visit our Regional Offices page to find the nearest NH SBDC location.

NH SBDC also offers workshops and seminars on disaster planning and recovery.  For May 2007 disaster preparedness events, visit our Calendar page.