You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page.
Skip to Navigation
Skip to Main Content
State Agency Directory
Public Water System Study
Freedom of Information Requests
SBA Disaster Loan Application Deadline is August 3 for WV Residents
The U.S. Small Business Administration reminds businesses of all sizes, private nonprofit organizations, homeowners, and renters in West Virginia of the deadline to submit disaster loan applications for damages caused by severe storms, heavy snow, and record low temperatures on March 3-14, 2015. The deadline to apply for physical damage disaster loan is Aug. 3, 2015.
Low interest disaster loans are available in Mingo County and the adjacent counties of Lincoln, Logan, McDowell, Wayne, and Wyoming in West Virginia; Martin and Pike in Kentucky; and Buchanan in Virginia.
Businesses of any size and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
For small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
Loans of 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.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, to make improvements that help prevent the risk of future property damage caused by a similar disaster.
Interest rates are a low as 4 percent for businesses, 2.625 percent of nonprofit organizations, and 1.813 percent for homeowners and renters with terms up to 30 years. Loan amounts 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
. Disaster loan information and applications may also be obtained 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 firstname.lastname@example.org. Loan applications can also be downloaded at
. Completed applications should be 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
August 3, 2015
. The deadline to return economic injury applications is
March 3, 2016
Michael Lampton - US Small Business Administration (404) 331-0333