Local private non-profits eligible to apply for disaster loans after record rainfall

Local
Happy Valley Flooding 2_1555684108929.jpg.jpg

The U.S. Small Business Administration will offer low-interest rate disaster loans to local private non-profit organizations impacted by severe storms, flooding and landslides.

Private non-profit organizations located in Carter, Greene, Hawkins, Johnson and Unicoi counties can apply. 

The SBA said the loans are now available due to the Presidential disaster declaration for Public Assistance following the severe storms and record rainfall from February 19 through March 30, 2019.

Private non-profit organizations include: food kitchens, homeless shelters, museums, libraries, community centers, schools, colleges and houses of worship.

The SBA said these organizations can apply to borrow up to $2 million to repair damaged property, machinery, equipment and other business assets. 

The SBA is also offering the low-interest rate loans to several other private non-profit organizations in counties across Middle and West Tennessee impacted by severe weather.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

More Don't Miss