In the heart of Washington County, a significant discussion unfolded during the Board of Supervisors meeting on October 22, 2024, as Mr. Jim McKersow from the U.S. Small Business Administration (SBA) took the podium. His presence marked an important moment for local residents and business owners, as he shared vital information about the SBA's disaster loan programs aimed at aiding those affected by recent calamities.

Mr. McKersow emphasized the three types of disaster loans available, which cater not only to businesses but also to homeowners and renters. He detailed how businesses could secure loans up to $2 million at a low interest rate of less than 4%, while homeowners could receive up to $500,000 for physical damage to their properties. Renters, too, are eligible for assistance, with loans available for up to $100,000 to cover personal belongings.

A key point of Mr. McKersow's presentation was the economic injury disaster loans, designed to support businesses facing working capital losses due to shutdowns. He urged those in need to apply before the July 1, 2025 deadline, highlighting the importance of the disaster recovery centers established in the area. These centers, staffed six days a week, serve as a resource for residents seeking guidance and support.

Throughout his address, Mr. McKersow reassured attendees that the SBA is committed to helping individuals navigate the application process, regardless of concerns about credit scores or previous loans. He noted that there is no fee to apply, and once awarded, loans come with a 60-day period for acceptance, allowing borrowers time to reconsider their options.

As he concluded, Mr. McKersow shared that 17 applications had already been submitted from Washington County, with expectations for that number to rise. He expressed the SBA's dedication to remaining a resource for the community, even after the immediate disaster response efforts conclude.

The meeting underscored the importance of community support and resources available to those impacted by disasters, leaving attendees with a sense of hope and a clearer path forward in their recovery efforts.