Small Business Administration offers disaster-relief loans after Hurricane Irma

Homeowners may borrow up to $200,000 to repair or replace damaged or destroyed real estate.   File photo

The U.S. Small Business Administration's (SBA) deadline for submitting hurricane disaster-relief loan applications is Dec. 4.

The SBA is offering low-interest loans to businesses, private nonprofit organizations, homeowners and renters in Beaufort, Jasper, Colleton and Hampton counties. Businesses and nonprofits may borrow up to $2 million to repair or replace assets damaged by Hurricane Irma.

Economic Injury Disaster Loans help meet working-capital needs resulting from the hurricane. Assistance is available even if a business did not suffer physical damage.

Homeowners may borrow up to $200,000 to repair or replace damaged or destroyed real estate, while loans of up to $40,000 are available for renters and homeowners for personal property replacement and repair.

Those interested can apply online with an electronic loan application at

Information and loan applications are also available by calling 800-659-2955. Completed applications can be sent to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas, 76155.

While the deadline for property-damage loans is Dec. 4, applicants have until July 5 next year to apply for economic injury loans.

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