Low-interest loans to help small businesses affected by Winter Storm Thor
CHARLESTON, W.Va. (April 22, 2015)-Gov. Earl Ray Tomblin today announced the federal disaster declaration granted following Winter Storm Thor has been amended to include affected small businesses in Fayette, Mercer and Tucker counties. These counties are now eligible to apply for U.S. Small Business Administration (SBA) low-interest disaster loans.
“These loans will provide much needed financial aid to small businesses in counties adversely affected by the flooding, landslides and mudslides brought on by Winter Storm Thor,” Gov. Tomblin said. “I’m grateful for the SBA’s decision to expand access to these low-interest loans to help local business owners rebuild and move forward.”
Available loans include business physical disaster loans and economic injury disaster loans. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
The filing deadline for applicants seeking loans for physical property damage is June 01, 2015. The filing deadline to submit economic injury applications is December 31, 2015.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.