Economic Recovery Center, a national leader in disaster recovery assistance, is now accepting applications from businesses affected by the floods in New Jersey and New York.
The devastating flooding that recently inundated New Jersey and New York has left numerous small- and medium-sized businesses at risk for operational setbacks, financial losses and uncertain futures as they begin the recovery process.
As businesses assess the damage, Economic Recovery Center has opened its portal to applicants in need of financial assistance. Governor Phil Murphy has declared a State of Emergency for all 21 counties, meaning many applicants are expected to file in the coming days.
However, with the recent 43% reduction in staff due to DOGE cuts, the application process has become more complicated, with many applications taking months to reach a loan officer, let alone receive the essential funding they need to survive.
“Statistically, nine out of 10 disaster loan applicants never made it to the loan officer stage due to their lack of understanding of the application process, or they simply do not apply in time,” said Kristin Norton, chief operating officer of Economic Recovery Center.
“Most government agencies were already understaffed, but with the DOGE cuts in April, it’s become critical for business owners to work with a financial advocate to obtain the funding as quickly as possible,” added Norton. “And getting your application done early and compliantly can save weeks to months in the funding process.”
The Economic Recovery Center’s free eligibility review simplifies the process for business owners who are confused by or choose not to use SBA.gov’s open portal. The Center also encourages those affected by the floods to apply as soon as possible.
To expedite your application and avoid delays due to staff reductions and the expected large number of applicants, please call (385) 376-2372 or visit www.economicrecoverycenter.com now.
Many programs are “first-in, first-out,” and a mistake may require applicants to restart the process from the beginning. The Economic Recovery Center handles all communication, document submission and follow-up, relieving business owners of the burden during an already stressful time.
In addition to visiting the website and calling the phone number that are listed above, business owners affected by the flooding can also email support@economicrecoverycenter.com to schedule a free eligibility review.
