Small businesses, nonprofits can get Debby disaster loans

Editor’s note: Earlier editions of this article misstated who was eligible for disaster-assistance loans from the U.S. Small Business Administration. Farmers in the affected counties seeking assistance should contact the U.S. Department of Agriculture. This is the corrected version of that article.

 

ATLANTA — Small businesses and nonprofits suffering from excessive rain or flooding during June from Tropical Storm Debby can get disaster-assistance loans, the U.S. Small Business Administration announced Thursday.

The low-interest loans are available in Camden, Charlton, Clinch, Echols and Lowndes counties. The Georgia benefits are unusual because most of the damage was in Florida.

“These counties are eligible because they are contiguous to one or more primary counties in Florida,” said Frank Skaggs, the director of SBA’s office in Atlanta. “The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included.”

Those who qualify can borrow up to $2 million at 4 percent interest over as much as 30 years. Loans can be used to pay debts, payroll or vendors but not to replace sales or profits.

Apply online at disasterloan.sba.gov/ela or by phone at (800) 659-2955.

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Fri, 07/21/2017 - 22:09

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