Tag: U.S. Small Business Administration

Deadline Nears To Apply For Storm Loans In 5 W.Va. Counties

Small private nonprofit organizations in five West Virginia counties have a few more weeks to apply for federal loans for economic losses from several winter storms last February.

The U.S. Small Business Administration said Feb. 14 is the filing deadline for the Economic Injury Disaster Loans from storms on Feb. 10 to 16, 2021. Eligible counties are Cabell, Lincoln, Mason, Putnam and Wayne.

Types of organizations eligible include food kitchens, homeless shelters, museums, libraries, community centers, schools, colleges and others.

The loans are offered to help the organizations meet needs such as ongoing operating expenses.

To apply online, visit DisasterLoanAssistance.sba.gov/ela/s under SBA declaration #16982, not for the COVID-19 incident.

Businesses in Two W.Va. Counties Eligible for Disaster Loans

Some small businesses in two West Virginia counties are eligible to apply for economic injury disaster loans as a result of storms last year.

The U.S. Small Business Administration said the loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations in Hardy and Pendleton counties.

The loans are available as a result of a drought disaster declaration by the agriculture secretary covering the effects of rain, flash flooding, flooding and hail that began April 15, 2018.

Kem Fleming of SBA’s Field Operations Center East says Hardy and Pendleton counties are eligible because they are contiguous to one or more primary counties in Virginia.

Applications may be made online or by calling (800) 659-2955, or (800) 877-8339 for the hearing impaired.

Deadline to Register for Disaster Assistance Extended

Federal officials say the deadline for West Virginia storm survivors to register for federal disaster assistance has been extended to Sept. 7.

The Federal Emergency Management Agency says the extension was granted at the request of West Virginia Gov. Earl Ray Tomblin.

The governor cited a continued flow of new applications for federal assistance in the wake of severe storms, flooding, landslides and mudslides that devastated parts of the state in late June.

The U.S. Small Business Administration has also extended its deadline to Sept. 7 for filing physical disaster loan applications.

The SBA offers low-interest loans to businesses, homeowners and renters. SBA disaster loans may recover repairs, rebuilding as well as the cost of replacing lost or disaster-damaged real estate and personal property.

Follansbee Flood Victims Eligible for SBA Loans

Both home and business owners in the Follansbee area are now eligible for federal assistance after flooding in late July.

Governor Earl Ray Tomblin announced Tuesday his request for aid for the July 29 and 30 floods in three counties was approved by the U.S. Small Business Administration.

The declaration means both homeowners and business owners in three counties- Brooke, Hancock and Ohio- are now eligible for low interest disaster loans.

Loan applications looking for assistance with physical property damage are due by October 24. Economic injury applications for businesses are due May 23, 2017.

The SBA is setting up a Disaster Loan Outreach Center at the Follansbee City Building where representatives will be available to help fill out those loan applications. The center will be open weekdays from 8 a.m. to 5 p.m. and Saturdays from 10 a.m. to 2 p.m. from Thursday August 27 to September 1.

Applications can also be found online at disasterloan.sba.gov/ela.

Business Centers Closing After Flood

Federal officials are shutting down centers that have helped West Virginia small businesses obtain low-interest loans after damaging floods in June.

The U.S. Small Business Administration says the business recovery centers in Kanawha, Greenbrier and Nicholas counties will stop operating Monday.

The SBA says the closures are due to a steady decline in activity.

The centers that will be closed are located at the Greenbrier Valley Economic Development Corp. in Maxwelton, the Charleston Area Alliance and Summersville City Hall.

The June 23 floods killed 23 people and damaged homes, businesses and infrastructure.

The application deadline for businesses with property damage is Sept. 7. The deadline for applications due to economic hardships is March 27, 2017.

Two Weeks Left to Apply for Federal Disaster Assistance

There are only two weeks left for survivors of June’s devastating flooding to apply for federal grants or loans.

The deadline to apply for disaster assistance with either the Federal Emergency Management Agency or the U.S. Small Business Administration is on Wednesday, August 24.

Survivors have been approved for grants and loans of more than $94 million.

More than $31 million has been approved by FEMA for individual housing assistance, nearly $6 million in other needs, over $4 million in public assistance and more than $24,000 in Disaster Unemployment.

The SBA approved 599 low-interest disaster loans of more than $39 million, and 941 National Flood Insurance Program claims have been filed with more than $12 million in payouts.

On August 13, Disaster Recovery Centers will be operating on new hours – 9 a.m. to 5 p.m. Monday through Friday and 10 a.m. to 2 p.m. on Saturdays. DRCs are closed on Sundays.

Federal Emergency Management Agency:

  • Website: www.disasterassistance.gov
  • Phone: 1-800-621-3362

Small Business Administration:

  • Website: www.sba.gov/disaster
  • Email: disastercustomerservice@sba.gov
  • Phone: 1-800-659-2955
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