2 disaster recovery centers will open Monday in Elkhorn, Virginia KY

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(WTVQ/PRESS RELEASE) –

The US Small Business Administration (SBA) announced today that two Business Recovery Centers (BRCs) will open Monday, August 15 in Elkhorn and Virgie, Kentucky. These BRCs are created to provide one-on-one disaster loan application assistance to Kentucky businesses affected by severe storms, flooding, landslides and mudslides that began on the 26th July.

The disaster declaration covers the counties of Breathitt, Clay, Floyd, Knott, Leslie, Letcher, Magoffin, Martin, Owsley, Perry, Pike and Whitley in Kentuckywho are eligible for both Physics and Economic Disaster Loans (EIDL) of the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties can only apply for Economic Disaster Disaster Loans (EIDLs) from the SBA: Bell, Harlan, Jackson, Johnson, Knox, Laurel, Lawrence, Lee , McCreary, Morgan and Wolfe in Kentucky; Campbell and Claiborne in Tennessee; Buchanan, Dickenson and Wise in Virginia; and Mingo and Wayne in West Virginia.

To help small businesses and nonprofits apply for disaster loans, SBA Disaster Recovery Centers are open as listed below until further notice:

SBA Disaster Recovery Center

clay county

University of Eastern Kentucky – Manchester

50 University Drive

Manchester, Kentucky 40962

Hours: Every day, from 9 a.m. to 7 p.m.

SBA Disaster Recovery Center

Letcher County

Groundswell of the Appalachians

229 Main Street East

Whitesburg, Kentucky 41858

Hours: Every day, from 9 a.m. to 7 p.m.

SBA Disaster Recovery Center

Perry County

Hazard Community and Technical College

Jolly Class Center

1 community college walk
Hazard, KY 41701

Hours: Every day, from 9 a.m. to 7 p.m.

SBA Disaster Recovery Center

pike county

Elkhorn Public Library

150 Main Street East

Elkhorn, KY 41522

Open: Monday August 15

Hours: Every day, from 9 a.m. to 7 p.m.

SBA Disaster Recovery Center

pike county

Vesta Roberts Johnson Memorial Library

180 Highway 610 West

Virginia, Kentucky 41572

Open: Monday August 15,

Hours: Every day, from 9 a.m. to 7 p.m.

Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect public health and safety. All visitors to CRBs are encouraged to wear a face mask.

Customer Service Representatives will be available as listed above in BRCs to answer questions about the Disaster Loan Program and assist business owners with their applications. Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect public health and safety. All visitors to CRBs are encouraged to wear a face mask.

Businesses and private non-profit organizations of any size can borrow up to $2 million to repair or replace real estate, machinery and equipment, inventory and other business assets damaged or destroyed by a disaster . Applicants may be eligible for an increase in the loan amount up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation upgrades may include a safe room or storm shelter, sump pump, elevation, retaining walls, and landscaping to help protect property and occupants from future damage from a storm. similar disaster.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations, the SBA offers economic disaster loans to help meet working capital needs caused by disaster. Economic disaster loan assistance is available whether or not the business has suffered property damage.

Disaster loans of up to $200,000 are available to homeowners to repair or replace property damaged or destroyed by the disaster. Landlords and tenants can receive up to $40,000 to repair or replace personal property damaged or destroyed by a disaster.

To be considered for all forms of disaster assistance, applicants must apply online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is not available, applicants should call FEMA’s toll-free hotline at 800-621-3362. Those using 711 Relay or Video Relay services should call 800-621-3362.

Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/and must apply under SBA #17546.

Disaster loan information and application forms can also be obtained by calling the SBA Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech impediment , please dial 7-1-1 to access telecommunications relay services), or by emailing [email protected] Loan applications can be downloaded from the SBA website at sba.gov/disaster. Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The physical loan application deadline expired on September 28, 2022. The deadline for returning economic injury claims is May 1, 2023.

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