Low-interest disaster loans from the U.S. Small Business Administration are available to businesses and residents in Kentucky following the announcement of a Presidential disaster declaration due to severe storms, flooding, landslides and mudslides from Feb. 27 through March 14.
“The SBA is strongly committed to providing Kentucky residents with the most effective response possible to assist businesses, homeowners and renters with federal disaster loans. Getting businesses and communities up and running after a disaster is our highest priority,” said SBA Administrator Isabella
Businesses and residents in the declared area can now apply for low-interest disaster loans from the SBA.
The disaster declaration covers Breathitt, Clay, Estill, Floyd, Johnson, Lee, Magoffin, Martin and Powell counties in Kentucky, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Bell, Clark, Jackson, Knott, Knox, Laurel, Lawrence, Leslie, Madison, Menifee, Montgomery, Morgan, Owsley, Perry, Pike and Wolfe in Kentucky; and Mingo and Wayne in West Virginia.
Learn more and apply for assistance here.
UPDATE: The SBA has extended the deadline for applications to July 8, 2021.