Following earthquake in North Carolina, the SBA setup a disaster relief loan program. | Stock Photo
Following earthquake in North Carolina, the SBA setup a disaster relief loan program. | Stock Photo
The Small Business Administration is still offering financial support to North Carolina community members affected by the Aug. 9 earthquake, but time is running out.
Residents and businesses have until Monday, Oct. 26, to apply for assistance related to physical damage, according to the SBA fact sheet. Though, those claiming economic injury have until May 2021.
These are low-interest loans that can be used for businesses or homes and require proof that the applicant will be able to repay the amount, according to the SBA fact sheet.
“The SBA is strongly committed to providing the people of North Carolina with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” SBA Administrator Jovita Carranza said in an August release about the availability of disaster relief. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Due to the coronavirus pandemic, SBA assistance with the loans is available remotely at its Virtual Disaster Loan Outreach Center (VDLOC), through a variety of Skype calls, webinars and phone assistance for step-by-step application guidance.
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