Today Gov. Earl Ray Tomblin announced victims of severe storms occurring between Feb. 29 and Mar. 5, 2012 in Lincoln, Marion and Wayne counties are eligible for U.S. Small Business Administration (SBA) low-interest disaster loans.
"Tornadoes, flooding, mudslides and landslides are not part of anyone's business plan and when they uproot everything you have worked hard for, the task of re-building is daunting," Gov. Tomblin said. "These loans are available to help our local business owners, as well as homeowners and renters, make the journey back from devastation to prosperity."
Homeowners, renters and businesses victimized by the severe storms in Lincoln, Marion and Wayne counties are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small business and most private nonprofit organizations in the following adjacent counties are eligible to apply for the Economic Injury Disaster Loans with the SBA: Boone, Cabell, Harrison, Kanawha, Logan, Mingo, Monongalia, Putnam, Taylor and Wetzel counties. Economic Injury Disaster Loans help meet working capital needs caused by the disaster. Physical loans help victims repair or replace disaster damaged or destroyed real estate.
To be considered for a SBA disaster loan, applicants should contact the Federal Emergency Management Agency at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and hard-of-hearing.
The filing deadline for applicants seeking loans for physical property damage is May 15, 2012. The filing deadline to submit economic injury applications is Dec. 17, 2012.