Georgia companies and residents affected by flooding on Sept. 3-4, 2022, are eligible to use for low-interest catastrophe loans from the U.S. Small Enterprise Administration. The declaration covers the counties of Chattooga, Floyd and Walker in Georgia and Cherokee and DeKalb in Alabama.

To help companies and residents affected by the catastrophe, the SBA will open a Catastrophe Mortgage Outreach Middle (DLOC) at 9 a.m. Thursday, Jan. 12, on the Chattooga County EMA/E-911 Middle, 170 Farrar Drive in Summerville. The DLOC can be open 9:00 a.m. to six:00 p.m. Monday by Friday and 10:00 a.m. to 2:00 p.m. on Saturdays. The DLOC will shut on January 26.

Loans as much as $200,000 can be found to owners to restore or change broken or destroyed actual property. Householders and renters are eligible for loans as much as $40,000 to restore or change broken or destroyed private property.

Rates of interest are as little as 3.04% for companies, 1.875% for nonprofit organizations, and a couple of.188% 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. Candidates might apply on-line utilizing the Digital Mortgage Software through SBA’s safe web site and may apply below SBA declaration # 17751.

Catastrophe mortgage info and utility types can be obtained by calling the SBA’s Buyer Service Middle at 800-659-2955 (if you’re deaf, arduous of listening to, or have a speech incapacity, please dial 7-1-1 to entry telecommunications relay companies) or sending an electronic mail to DisasterCustomerService@sba.gov. Mortgage purposes can be downloaded from sba.gov/catastrophe. Accomplished purposes needs to be mailed to: U.S. Small Enterprise Administration, Processing and Disbursement Middle, 14925 Kingsport Highway, Fort Price, TX 76155.

The submitting deadline to return purposes for bodily property harm is March 10, 2023. The deadline to return financial damage purposes is Oct 9, 2023.