HURLEY, Va. (WJHL) – The U.S. Small Enterprise Administration (SBA) has introduced new efforts to supply help to the victims of flooding in Hurley, Virginia. A launch from the SBA states {that a} Catastrophe Mortgage Outreach Middle (DLOC) has been arrange on the Buchanan County Purple Constructing/Group Middle.
Hurley residents who’re in want of catastrophe loans can obtain help on the DLOC beginning Tuesday, Feb. 15. Those that want monetary assist because of the August 2021 floods will probably be offered “with one-on-one help in submitting a catastrophe mortgage software in the event that they have been impacted.”
The discharge states help is obtainable who have been additionally affected in different components of Buchanan County, in addition to these in Dickenson, Russell and Tazewell counties. Some impacted in close by Kentucky and West Virginia can even search assist.
The DLOC will open to candidates for catastrophe loans at 11 a.m. on Tuesday. The DLOC will stay open till 4 p.m. on Feb. 24. You possibly can see a full breakdown of the hours for the DLOC under:
Guests to the DLOC are inspired to put on a face masks whereas talking with customer support representatives.
The SBA is providing help in purposes for catastrophe loans for each companies and owners. The SBA offered the next particulars for the varieties of loans affected folks and companies can apply for:
Companies of any dimension and personal nonprofit organizations could borrow as much as $2 million to restore or
substitute disaster-damaged or destroyed actual property, equipment and tools, stock, and different
enterprise belongings. For small companies, small agricultural cooperatives, small companies engaged in
aquaculture and most personal nonprofit organizations, the SBA presents Financial Damage Catastrophe Loans
(EIDL) to assist meet working capital wants attributable to the catastrophe. EIDL Mortgage help is obtainable
no matter whether or not the enterprise suffered any bodily property injury.Loans as much as $200,000 can be found to owners to restore or substitute broken or destroyed actual
property. Owners and renters are eligible for loans as much as $40,000 to restore or substitute broken or
destroyed private property.Candidates could also be eligible for a mortgage quantity enhance as much as 20 % of their bodily damages, as
verified by the SBA, for mitigation functions. Eligible mitigation enhancements could embody a protected room
or storm shelter, sump pump, elevation, retaining partitions, and landscaping to assist defend property and
occupants from future injury attributable to an identical catastrophe.Rates of interest are as little as 2.855 % for companies, 2 % for nonprofit organizations and
1.563 % for owners and renters, with phrases as much as 30 years. Mortgage quantities and phrases are set
by the SBA and are primarily based on every applicant’s monetary situation.U.S. Small Enterprise Administration
To use for catastrophe mortgage help on-line, click on right here. Flooding victims should apply utilizing declaration quantity 17332, the discharge states.
You possibly can learn the complete launch and a truth sheet about catastrophe loans under:
The flooding in Hurley left one particular person useless and a number of other others with out properties. In November 2021, the Federal Emergency Administration Company (FEMA) denied a request for Particular person Help for these impacted. In January 2022, FEMA once more denied Hurley residents Particular person Help regardless of an attraction from native lawmakers and former Virginia Governor Ralph Northam.