WASHINGTON
– Tennessee businesses and residents affected by severe storms and flooding that occurred on Feb. 6 through Feb. 24, 2019 can apply for low-interest disaster loans from the U.S. Small Business Administration, Acting Administrator Christopher Pilkerton announced today.
Acting Administrator Pilkerton made the loans available in response to a letter from Tennessee Gov. Bill Lee on June 14, requesting a disaster declaration by the SBA. The declaration covers the following counties: Decatur, Hardin, Humphreys, Perry and Sevier and the adjacent counties of Benton, Blount, Carroll, Chester, Cocke, Dickson, Henderson, Hickman, Houston, Jefferson, Knox, Lewis, McNairy and Wayne counties in
Tennessee
; Lauderdale in
Alabama;
Alcorn and Tishomingo in
Mississippi;
and Haywood and Swain in
North Carolina.
Tennessee
; Lauderdale in
Alabama;
Alcorn and Tishomingo in
Mississippi;
and Haywood and Swain in
North Carolina.
“The SBA is strongly committed to providing the people of
Tennessee
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Tennessee
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Centers to answer questions about the disaster loan program and help individuals complete their applications.
The Centers are located in the following communities and are open as indicated:
Blount County
Department of Development Services
Maryville, TN 37804
Opening: Tuesday, June 25 at 10 a.m.
Hours: Weekdays from 8 a.m. – 4:30 p.m.
Saturday, June 29 from 8 a.m. – noon
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Decatur County
Decatur County Library
Decaturville, TN 38329
Opening: Tuesday, June 25 at 11 a.m.
Hours: Weekdays from 9 a.m. - 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Hardin County
Hardin County Fire Dept.
Savannah, TN 38372
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Humphreys County
City of Waverly Fire Dept.
Waverly, TN 37185
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Knox County
Central High School
Knoxville, TN 37918
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Perry County
Tennessee Career Center
Linden, TN 37096
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Sevier County
King Family Library
Sevierville, TN 37862
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
“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,” said SBA’s Tennessee District Director LaTanya D. Channel.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“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,” said Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as
4
percent for businesses,
2.75
percent for nonprofit organizations, and
2.063
percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
4
percent for businesses,
2.75
percent for nonprofit organizations, and
2.063
percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
DisasterLoan.sba.gov
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
Aug. 20, 2019
. The deadline to return economic injury applications is
March 23, 2020
.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov
.
WASHINGTON
– Tennessee businesses and residents affected by severe storms and flooding that occurred on Feb. 6 through Feb. 24, 2019 can apply for low-interest disaster loans from the U.S. Small Business Administration, Acting Administrator Christopher Pilkerton announced today.
WASHINGTON
Acting Administrator Pilkerton made the loans available in response to a letter from Tennessee Gov. Bill Lee on June 14, requesting a disaster declaration by the SBA. The declaration covers the following counties: Decatur, Hardin, Humphreys, Perry and Sevier and the adjacent counties of Benton, Blount, Carroll, Chester, Cocke, Dickson, Henderson, Hickman, Houston, Jefferson, Knox, Lewis, McNairy and Wayne counties in
Tennessee
; Lauderdale in
Alabama;
Alcorn and Tishomingo in
Mississippi;
and Haywood and Swain in
North Carolina.
Tennessee
; Lauderdale in
Alabama;
Alcorn and Tishomingo in
Mississippi;
and Haywood and Swain in
North Carolina.
Tennessee
Alabama;
Mississippi;
North Carolina.
“The SBA is strongly committed to providing the people of
Tennessee
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Tennessee
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Tennessee
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Centers to answer questions about the disaster loan program and help individuals complete their applications.
The Centers are located in the following communities and are open as indicated:
Blount County
Department of Development Services
Blount County
Maryville, TN 37804
Opening: Tuesday, June 25 at 10 a.m.
Hours: Weekdays from 8 a.m. – 4:30 p.m.
Saturday, June 29 from 8 a.m. – noon
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Decatur County
Decatur County Library
Decatur County
Decaturville, TN 38329
Opening: Tuesday, June 25 at 11 a.m.
Hours: Weekdays from 9 a.m. - 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Hardin County
Hardin County
Hardin County Fire Dept.
Savannah, TN 38372
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Humphreys County
City of Waverly Fire Dept.
Humphreys County
Waverly, TN 37185
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Knox County
Knox County
Central High School
Knoxville, TN 37918
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Perry County
Tennessee Career Center
Perry County
Linden, TN 37096
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
Sevier County
Sevier County
King Family Library
Sevierville, TN 37862
Opening: Tuesday, June 25 at 11 a.m. – 6 p.m.
Hours: Weekdays from 9 a.m. – 6 p.m.
Saturday, June 29 from 10 a.m. – 2 p.m.
Closed: Sundays
Closes: Tuesday, July 2 at 4 p.m.
“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,” said SBA’s Tennessee District Director LaTanya D. Channel.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“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,” said Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as
4
percent for businesses,
2.75
percent for nonprofit organizations, and
2.063
percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
4
percent for businesses,
2.75
percent for nonprofit organizations, and
2.063
percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
4
2.75
2.063
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
DisasterLoan.sba.gov
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
Aug. 20, 2019
. The deadline to return economic injury applications is
March 23, 2020
.
Aug. 20, 2019
March 23, 2020
About the U.S. Small Business Administration
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov
.