The loans are in response to a letter from Georgia Gov. Brian P. Kemp on July 19, requesting a catastrophe declaration by the SBA.
COWETA COUNTY, Ga. — The severe storms that took place in March left lasting injury to residents and companies in lots of Georgia counties.
On Wednesday, the U.S. Small Business Administration Administrator Isabella Casillas Guzman introduced Georgia companies and residents affected by severe storms and tornadoes on March 25 and March 26, could apply for low-interest catastrophe loans.
Guzman made the loans after Gov. Brian Kemp requested a catastrophe declaration by the SBA in a July letter. Companies and residents within the declared space can now apply for low-interest catastrophe loans.
The declaration covers Coweta County and the adjoining counties of Carroll, Fayette, Fulton, Heard, Meriwether, Spalding, and Troup in Georgia.
“Companies and personal nonprofit organizations could borrow as much as $2 million to restore or change catastrophe broken or destroyed actual property, equipment and tools, stock, and different enterprise belongings,” SBA’s Georgia District Director Terri Denison mentioned in a press release.
Newnan storm injury from extreme climate
The SBA will open a Catastrophe Mortgage Outreach Middle (DLOC) in Coweta County on Friday, July 23 at 9 a.m. to help companies and residents affected by the catastrophe. The DLOC can be positioned on the Newnan-Coweta Chamber of Commerce at 23 Bullsboro Dr. in Newnan.
Customer support representatives can be out there on the DLOC to reply questions concerning the mortgage program and assist folks full functions. Because of the ongoing COVID-19 pandemic, the SBA has established well being protocols. All guests to the DLOC are inspired to put on a face masks.
For small companies, small agricultural cooperatives, small companies engaged in aquaculture and most personal nonprofit organizations, the SBA gives Financial Harm Catastrophe Loans to assist meet working capital wants brought on by the catastrophe.
Financial Harm Catastrophe Mortgage help is offered no matter whether or not the enterprise suffered any bodily property injury.
“Loans as much as $200,000 can be found to householders to restore or change broken or destroyed actual property. Owners and renters are eligible for loans as much as $40,000 to restore or change broken or destroyed private property,” Kem Fleming, director of SBA’s Subject Operations Middle East in Atlanta mentioned in a press release.
The submitting deadline to return functions for bodily property injury is Sept. 20, 2021. The deadline to return financial harm functions is April 20, 2022.