WEST VIRGINIA (LOOTPRESS) – Low-interest disaster loans from the U.S. Small Business Administration (SBA) are available to businesses and residents in West Virginia due to damages from flooding on Aug. 14-15, 2022.
Administrator Guzman made the loans available in response to a letter from West Virginia Governor Jim Justice, dated May 10, 2023, requesting a disaster declaration by the SBA. Businesses and residents in the declared area can now apply for low-interest disaster loans from the SBA.
The declaration covers Kanawha County and the adjacent counties of Boone, Clay, Fayette, Jackson, Lincoln, Nicholas, Putnam, Raleigh and Roane in West Virginia.
“The SBA is strongly committed to providing the people of West Virginia with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Guzman. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
The SBA says they know that the incident occurred months ago and some people may have begun their recovery process with funding from other sources, including banks, credit cards, personal funds or some form of insurance settlement that did not cover all their disaster losses.
The good news is you may be eligible for SBA disaster funds to pay off bridge loans, credit cards and replace personal savings used to cover the cost of disaster-related repairs or replacement of destroyed property.
The application deadlines are:
- July 24, 2023: Deadline for Physical Damage
- February 26, 2024: Deadline for Economic Injury
Disaster loan information and application forms can also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services) or sending an email to DisasterCustomerService@sba.gov.
Loan applications can also be downloaded from sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.