SBA Provides Disaster Relief Loans Following West Virginia Flooding
What happened
The Small Business Administration is offering disaster relief loans in Kanawha, Harrison, and Fayette counties following summer flooding in West Virginia. A Federal Disaster Declaration is active in these three counties, allowing the SBA to assist affected residents and businesses with recovery and remediation efforts. The SBA is also making the Economic Injury Disaster Loan (EIDL) program available to businesses in contiguous counties.
From wvmetronews.com
Why it matters
The availability of these loans provides financial assistance to homeowners, renters, and businesses who have suffered physical damage due to the flooding. The Small Business Administration is coordinating with the Federal Emergency Management Agency to facilitate enrollment in these recovery programs.
From wvmetronews.com
Who's involved
- Small Business AdministrationProviding disaster relief and Economic Injury Disaster Loan programs.
- Federal Emergency Management AgencyOperating Disaster Recovery Centers and coordinating disaster response efforts.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- FEMA's recovery efforts require joint operations with SBA in affected West Virginia countiesFEMA's recovery efforts require joint operations with SBA in affected West Virginia counties.Already happening
- How could SBA providing disaster relief loans affect Internal Revenue Service?SBA disaster loan processing requires IRS verification of borrower dataLikely
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The entities involved
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Small Business Administration
United States government agency that supports entrepreneurs and small businesses