Loan application

SBA physical disaster loan application deadline is Nov. 14 in West Virginia for May storms and severe flooding

WEST VIRGINIA (LOOTPRESS) – The U.S. Small Business Administration (SBA) reminds businesses of all sizes, private nonprofit organizations, landlords and renters in West Virginia of the Nov. 14 deadline to apply for disaster loans. Anyone in counties declared to have suffered property damage from severe storms and flooding on May 6 should apply for the low-interest disaster loan program.

“Waiting to file an SBA application could lead to unnecessary delays in receiving disaster relief, and survivors may miss the application deadline. Submitting the loan application is an essential part of the disaster recovery process,” said Kem Fleming, director of SBA Field Operations Center East.

The statement covers Cabell County and adjacent Lincoln, Mason, Putnam, and Wayne counties in West Virginia; and Gallia and Lawrence in Ohio.

Interest rates are as low as 2.935% for businesses, 1.875% for nonprofits, and 1.688% for homeowners and tenants, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial situation.
Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA statement #17624.

Disaster loan information and application forms can also be obtained by calling the SBA Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech impediment , please dial 7-1-1 to access telecommunications relay services), or by emailing [email protected] Loan applications can be downloaded from sba.gov/disaster. Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline for filing property damage return claims is November 14, 2022. The deadline for returning economic injury claims is June 15, 2023.