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SBA visits Tazewell to explain disaster loans; deadline for physical‑damage applications Feb. 7
Summary
A Small Business Administration Public Affairs Specialist briefed the council on two federal disaster declarations after Tropical Storm Ida, highlighted available loan programs for physical damage and economic injury, and stressed the Feb. 7 application deadline for physical‑damage loans.
A public‑information specialist from the U.S. Small Business Administration briefed the Town of Tazewell on available disaster loan programs after recent storm declarations and emphasized a Feb. 7 deadline for physical‑damage applications.
Why it matters: The SBA's programs can provide long‑term low‑interest loans to small businesses, agricultural entities and nonprofit organizations to repair physical damage or to cover working‑capital losses caused by the disaster. The council heard the briefing to help local businesses connect to federal recovery resources.
What the SBA said: Maurice Hill, public affairs specialist with the SBA, described two federal declarations. He said West Virginia declaration 20768 provides economic injury disaster loan assistance (working capital) covering small businesses, small agricultural co‑ops and most private nonprofits; those loans have a maximum of $2,000,000 for economic injury. The Virginia declaration 20705 covers physical‑damage business disaster loans (repair of buildings, equipment and inventory) and other assistance including homeowner and renter assistance. Hill stressed that the application deadline for physical‑damage loans is Feb. 7 and encouraged residents and businesses to apply.
Council questions and staff follow‑up: Council members asked about local SBA presence; Hill said staff will be available in the region and encouraged forwarding calls to his office. He left informational materials and a business card and offered to help small towns with application questions.
Ending: The council received the informational briefing; no council action was required. Town staff and local businesses were advised to share the SBA contact information and the Feb. 7 deadline for physical‑damage applications.
