SBA provides disaster assistance to businesses and residents of GA

The loans are in response to a letter from Georgia Governor Brian P. Kemp on July 19, requesting a disaster declaration by the SBA.

COWETA COUNTY, Georgia – Severe storms in March caused lasting damage to residents and businesses in many counties in Georgia.

U.S. Small Business Administration Administrator Isabella Casillas Guzman on Wednesday announced that Georgia businesses and residents affected by severe storms and tornadoes on March 25 and 26 could apply for disaster loans at low interest rate.

Guzman made the loans after Gov. Brian Kemp requested a disaster declaration by the SBA in a July letter. Businesses and residents of the declared area can now apply for disaster loans at low interest rates.

The statement covers Coweta County and the adjacent counties of Carroll, Fayette, Fulton, Heard, Meriwether, Spalding and Troup in Georgia.

“Businesses and private non-profit organizations can borrow up to $ 2 million to repair or replace real estate, machinery and equipment, inventory and other assets damaged or destroyed by a disaster,” said Terri Denison, Georgia District Director for the SBA, in a statement.

The SBA will open a Disaster Loan Outreach Center (DLOC) in Coweta County on Friday, July 23 at 9 a.m. to help businesses and residents affected by the disaster. The DLOC will be located at the Newnan-Coweta Chamber of Commerce at 23 Bullsboro Dr. in Newnan.

Customer service representatives will be available at DLOC to answer questions about the loan program and help people complete applications. Due to the ongoing COVID-19 pandemic, the SBA has established health protocols. All visitors to DLOC are encouraged to wear a face mask.

For small businesses, small farmer cooperatives, small businesses active in aquaculture, and most private non-profit organizations, the SBA offers economic disaster loans to help meet the working capital needs caused. by disaster.

Economic disaster loan assistance is available whether or not the business has suffered property damage.

“Loans of up to $ 200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and tenants are eligible for loans of up to $ 40,000 to repair or replace damaged or destroyed personal property, ”said Kem Fleming, director of the SBA’s Field Operations Center East in Atlanta in a statement.

The deadline for returning property damage claims is September 20, 2021. The deadline for returning economic damage claims is April 20, 2022.

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