Deadline to submit an SBA disaster loan application February 10 | News


The U.S. Small Business Administration encourages businesses of all sizes, private nonprofit organizations, homeowners and renters to apply for physical damage disaster loans by the Feb. 10 deadline.

Anyone in declared counties in Kentucky who suffered damage from severe storms, straight-line winds, flooding, and tornadoes on December 10 and 11, 2021 should apply for the Disaster Loan Program.

Disaster survivors are encouraged to apply to the SBA as soon as possible, even if they don’t know how much money will be needed. There is no need to wait for insurance claims to be settled. SBA loans can be issued while insurance recovery is pending. There is no cost to apply or obligation to accept the loan if approved.

“Waiting to file an SBA application could lead to unnecessary delays in receiving disaster relief, and survivors may miss the application deadline. Submitting the loan application is an essential part of the disaster recovery process,” said Kem Fleming, director of SBA Field Operations Center East.

The disaster declaration covers Barren, Caldwell, Christian, Fulton, Graves, Hart, Hickman, Hopkins, Logan, Lyon, Marion, Marshall, Muhlenberg, Ohio, Taylor and Warren counties in Kentucky, which are eligible for both physical and economic damage. SBA loans. Small businesses and most private nonprofit organizations in the following adjacent counties can only apply for SBA Economic Disaster Loans: Adair, Allen, Boyle, Breckinridge, Butler, Calloway, Carlisle, Casey, Crittenden, Daviess, Edmonson, Grayson, Green, Hancock, Hardin, Larue, Livingston, Marion, McCracken, McLean, Metcalfe, Monroe, Nelson, Simpson, Todd, Trigg, Washington, and Webster in Kentucky; Mississippi and New Madrid in Missouri; and Henry, Lake, Montgomery, Obion, Robertson, Stewart, and Weakley in Tennessee.

Customer service representatives are available at the SBA Disaster Recovery Center (BRC) in Marshall County to answer questions about the Disaster Loan Program and assist business owners with submitting applications. Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect public health and safety. All DLOC visitors are encouraged to wear a face covering.

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. Interest rates are as low as 2.83% for businesses, 1.875% for nonprofits, and 1.438% for homeowners and tenants, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial situation.

Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at must apply under SBA statement #17286, not for the COVID-19 incident.

To be considered for all forms of disaster assistance, applicants must apply online at 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.

Businesses and individuals can also obtain loan information and applications by calling the SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or by emailing an email to DisasterCustomer[email protected]. Loan applications can also be downloaded from

Completed claims should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. The deadline for filing property damage claims is February 10, 2022. The deadline for returning economic damages applications is September 12, 2022.

About the United States Small Business Administration

The United States Small Business Administration is making the American dream of business ownership a reality. As the single, go-to resource and voice for small businesses backed by the strength of the federal government, the SBA gives entrepreneurs and small business owners the resources and support they need to start, grow, or grow their business, or recover from a declared crisis. disaster. It provides services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit


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