The U.S. Small Business Administration Office of #DisasterRecovery and Resilience today announced the opening of two Business Recovery Centers in #WestVirginia to meet the needs of businesses who were affected by severe #storms, flooding, landslides, and mudslides that occurred Aug. 28-30, 2023.
The #disaster declaration covers Boone, Calhoun, Clay, Harrison, and Kanawha counties in West Virginia, 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 (EIDLs): Barbour, Braxton, Doddridge, Fayette, Gilmer, Jackson, Lewis, Lincoln, Logan, Marion, Nicholas, Putnam, Raleigh, Ritchie, Roane, Taylor, Upshur, Wetzel, Wirt, and Wyoming in West Virginia.
Interest rates are as low as 4% for businesses, 2.375% for nonprofit organizations, and 2.5% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362. Applicants may apply online and receive additional disaster assistance information at sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
