To help those impacted by the severe storms and flooding that began in South Carolina on Oct. 1, the U.S. Small Business Administration (SBA) has added more counties to the list of those eligible for disaster declaration.
The declaration now covers the counties of Bamberg, Berkeley, Calhoun, Charleston, Clarendon, Colleton, Darlington, Dorchester, Florence, Georgetown, Greenwood, Horry, Kershaw, Lee, Lexington, Orangeburg, Richland, Sumter and Williamsburg in South Carolina. All these counties may now receive Physical and Economic Injury Disaster Loans from the SBA.
Small businesses and most private non-for-profit organizations in these counties are eligible to apply only for SBA Economic Injury Disaster Loans: Abbeville, Aiken, Allendale, Barnwell, Beaufort, Chesterfield, Dillon, Edgefield, Fairfield, Hampton, Lancaster, Laurens, Marion, Marlboro, McCormick, Newberry and Saluda in South Carolina; Brunswick, Columbus and Robeson in North Carolina.
Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other business assets.
The SBA has the option to up a loan up to 20 percent of the total amount of disaster damage to real estate or leasehold improvements, as verified by the SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
To be considered for any disaster assistance, applicants must register with FEMA online at www.DisasterAssistance.gov or by mobile device at m.fema.gov. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362.
The deadline for applications for physical property damage is Dec. 4; the deadline for economic injury applications is July 5.
U.S. Small Business Administration is located at 409 Third St. SW, Washington, D.C.
3rd St SW
Washington, DC - 20416