SBA Loans for Sandy Damage Still Available
Currituck County businesses may still be able receive low-interest disaster loans related to Superstorm Sandy, which affected the east coast on October 27-30, 2012.
The U.S. Small Business Administration Administrator, Maria Contreras-Sweet, announced a new deadline of Dec. 1, 2016 to submit applications for physical damage and economic injury losses.
This announcement follows the recently approved Recovery Improvements for Small Entities (RISE) After Disaster Act of 2015. This Act allows those affected by Superstorm Sandy another opportunity to apply for low-interest disaster loans to recover from the effects of the storm. The declaration covers the following counties: Currituck, Dare, Hyde and Tyrrell in North Carolina.
SBA's customer service representatives will be available at the Disaster Loan Outreach Center to answer questions about the disaster loan program and help individuals complete their applications. The Center is located in the following community and is open as indicated:
Dare County Governmental Center
Opens: Monday, Dec. 7 at Noon
Hours: 8:30 a.m. to 5:00 p.m., weekdays until further notice
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.
Businesses and individuals may also obtain information and loan applications by calling the SBA's Customer Service Center at 1-800-659-2955.
View and print a downloadable Fact Sheet .