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SBA outlines disaster loans, local centers as Washington County recovers from flooding
Summary
A Small Business Administration official briefed the Washington County Board of Supervisors on disaster loan types, local recovery centers and application deadlines, urging homeowners, renters and businesses affected by recent flooding to apply and visit staffed centers in Damascus and Galax.
Jim McKersow of the U.S. Small Business Administration told the Washington County Board of Supervisors on Oct. 22 that the SBA’s Office of Disaster Recovery and Resilience is providing three types of disaster loans to businesses, homeowners and renters affected by recent flooding.
McKersow said business owners may be eligible for long-term, low-interest physical damage loans up to $2 million and economic injury disaster loans for working-capital losses. Homeowners…
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