By: WCTV Eyewitness News
March 22, 2019
CAIRO, Ga. (WCTV) -- The U.S. Small Business Administration is offering disaster loans to businesses and residents affected by a severe weather and a string of tornadoes on March 3 in North Florida and South Georgia.
SBA Administrator Linda McMahon announced this week that the loans are being offered in response to a letter from Georgia Gov. Brian Kemp requesting a disaster declaration by the SBA.
The declaration covers the following counties:
SBA’s Georgia District Director Terri Denison says, “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."
Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta, added, “Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property."
For more information on loan interest rates and Disaster Loan Outreach Center locations, click here.
SBA officials say the filing deadline to return applications for physical property damage is May 17, 2019. The deadline to return economic injury applications is Dec. 18, 2019.
To see if you may qualify for assistance, or to apply for a federal disaster loan, visit DisasterLoan.sba.gov.