Tag: U.S. Small Business Administration

Businesses Devastated by Flooding Can Get Help to Rebuild

Businesses affected by the historic flooding two weeks ago have a chance to get some help as they rebuild.

The United States Small Business Administration Office of Disaster Assistance has set up two Business Recovery Centers in Charleston and Maxwelton in Greenbrier County.

“Businesses can be [a] small business, large business, or non-profit organizations,” explained Mary Gibson, Public Affairs Specialist for the SBA, “They can come into this center and get assistance with their application.”

Gibson says all three are eligible for physical damage assistance, but only small businesses have access to both physical damage and more extensive economic injury assistance.

Businesses can receive up to $2 million through an SBA loan, and pay it back over a period of 30-years with as low as a 4 percent interest rate. The first $25,000 can be obtained without collateral.

Those interested can visit one of the centers for help, or they can also fill out their application online.

Certain paperwork will be needed like tax returns, but the SBA is giving ample time for folks to get ahold of documentation if it was damaged in the floods.

Business owners have until August 24 to submit an application for physical damage, but small businesses seeking economic injury assistance have until March 27, 2017.

W.Va. Business Recovery Centers:

  • Charleston Area Alliance, 1116 Smith Street, Charleston, West Virginia, 25301
  • Greenbrier Valley Economic Development Corporation, 804 Industrial Park Road, Suite 5, Maxwelton, West Virginia, 24957

Grant to Help Small Businesses With International Exports

  West Virginia is about to get federal help for small businesses in the state.

Governor Tomblin announced Monday that West Virginia has been selected by the U.S. Small Business Administration to receive $200,000 in State Trade and Export grant funding. It’ll help develop a new export assistance program under the West Virginia Development Office  called West Virginia First STEP – Next STEP.

The program will provide additional assistance to West Virginia small businesses that export goods all over the world by offsetting the price of export activities, including Development Office trade missions and international trade shows. Since 1985, the International Division of West Virginia Development Office’s Export Promotion Program has led delegations of business owners to 30 countries.

The STEP grant period will run from October 1st to September 29th of 2016.

Disaster Loans Offered in Ky., W.Va., Va. for Weather Damage

Federal disaster loans are available in parts of Kentucky, West Virginia and Virginia for weather-related damage in March.

The U.S. Small Business Administration says Aug. 3 is the deadline to apply for loans for physical damage caused by storms and low temperatures from March 3 to March 14.

Loans are available in Martin and Pike counties in Kentucky; Mingo, Lincoln, Logan, McDowell, Wayne and Wyoming counties in West Virginia; and Buchanan County in Virginia.

Loans of up to $2 million are available for businesses and nonprofits.

Homeowners can apply for loans of up $200,000 for real estate damage. Loans also are available for homeowners and renters for personal property damage.

The SBA also offers economic injury disaster loans for small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofits.

Deadline for W.Va. Nonprofits to Seek Disaster Loans Approaches

West Virginian nonprofits affected by storms and landslides in early April have until July 13 to apply for federal disaster loans.

The U.S. Small Business Administration says nonprofits in Boone, Cabell, Lincoln, Mingo and Wayne counties that provide non-critical services are eligible to apply. These organizations include homeless shelters, museums and community centers.

Low-interest loans are available for physical losses resulting from severe storms, landslides and mudslides that occurred April 3-April 5. Loans also are available for unmet working capital needs.

Nonprofits in 12 Counties Eligible for Disaster Loans

Disaster loans are being offered to nonprofit organizations in a dozen West Virginia counties that sustained damage from severe weather in April.

The U.S. Small Business Administration says private nonprofits that don’t provide critical services of a governmental nature can apply for the low-interest disaster loans. The loans are available for nonprofits in Braxton, Brooke, Doddridge, Gilmer, Jackson, Lewis, Marshall, Ohio, Pleasants, Ritchie, Tyler and Wetzel counties.

The loans are for physical property or economic injury damage caused by severe storms, flooding, landslides and mudslides on April 8 through April 11.

The deadline to apply for loans for physical property damage is July 17. Nonprofits have until Feb. 18, 2016, to apply for economic injury loans.

W.Va. Nonprofits Have Till June 1 to Seek Storm Loans

Nonprofits have until June 1 to apply for federal disaster loans for property damage resulting from a March storm.The deadline to apply for economic…

Nonprofits have until June 1 to apply for federal disaster loans for property damage resulting from a March storm.

The deadline to apply for economic injury loans is Dec. 31.

The U.S. Small Business Administration says the incident period for the disaster declaration has been revised to March 3-14. The declaration covers 32 counties.

The SBA is offering low-interest disaster loans to nonprofits that don’t provide critical services, such as food kitchens, homeless shelters and libraries.

Nonprofits can apply for loans online at the SBA’s secure website, https://disasterloan.sba.gov/ela .

The storm brought heavy snow and rain, knocked out power to more than 80,000 customers and causes flooding, landslides and mudslides.

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