Small business loans of up to $2 million available in wake of Hurricane Florence

The U.S. Small Business Administration announced on Oct. 18 that Economic Injury Disaster Loans are available for eligible farm-related and nonfarm-related businesses and organizations that suffered financial losses from Hurricane Florence.

The program is offered to small businesses engaged in aquaculture, small agricultural cooperatives and small business as weel as private, nonprofit organizations in the following counties: Berkeley, Charleston, Chesterfield, Clarendon, Darlington, Dillon, Florence, Georgetown, Horry, Kershaw, Lancaster, Lee, Marion, Marlboro, Sumter and Williamsburg.

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster,” Kem Fleming, director of the SBA’s Field Operations Center East, said.

The loan amount can be up to $2 million, but the amount and terms are set by the U.S. Small Business Administration and will be based on each applicant’s financial condition

Application forms can be downloaded from https://disasterloan.sba.gov/ela/. Submission of completed loan applications should be no later than June 4, 2019.

Contact SBA’s Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information.

Want to get notified whenever we write about Little River Chamber of Commerce ?

Sign-up Next time we write about Little River Chamber of Commerce, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Little River Chamber of Commerce

More News

Metro Business Network