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Saturday, November 23, 2024

U.S. Small Business Administration announced that low-interest disaster loans are available

Business discussion

County of Transylvania issued the following announcement on Sept. 10.

The U.S. Small Business Administration announced that low-interest disaster loans are available to businesses and residents in North Carolina following the announcement of a Presidential disaster declaration due to the remnants of Tropical Storm Fred on Aug. 16-18, 2021. Homeowners, renters, businesses of all sizes and certain private nonprofit organizations in the declared counties are eligible.

The disaster declaration covers Buncombe, Haywood, and Transylvania counties in North Carolina, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Henderson, Jackson, Madison, McDowell, Rutherford, Swain and Yancey in North Carolina; Greenville, Oconee and Pickens in South Carolina and Cocke and Sevier in Tennessee. Homeowners, renters and businesses of all sizes should apply under declaration #17155.

Certain Private Non-Profit organizations (PNPs) in North Carolina that do not provide critical services of a governmental nature may also be eligible to apply for low-interest disaster loans. These loans are available following a Presidential disaster declaration for Public Assistance. PNPs located in Avery, Buncombe, Haywood, Madison, Transylvania, Watauga, and Yancey counties in North Carolina are eligible to apply. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges. PNPs should apply under declaration #17157.

Original source can be found here.

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