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Friday, July 19, 2019

SBA loans
The U.S. Small Business Administration (SBA) is encouraging businesses of all sizes, private nonprofit organizations, homeowners and renters to apply for a disaster loan for physical damage before the Aug. 20 deadline. Anyone in the declared counties in Tennessee, including Cocke and Jefferson, with damage caused by severe storms and flooding during the period of Feb. 6-24, should apply for SBA disaster loan assistance. Businesses and nonprofits can apply for up to $2 million to repair or replace disaster damaged real estate, machinery, equipment, inventory, and other business assets. Loans for working capital, known as Economic Injury Disaster Loans, also are available.. Homeowners can apply for up to $200,000 to repair or replace disaster damaged real estate. Homeowners and renters can apply up to $40,000 to repair or replace damaged personal property including automobiles. Interest rates are as low as 4 percent for businesses, 2.75 percent for private nonprofit organizations, and 2.063 percent for homeowners and renters, with terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, and may apply online at DisasterLoan.sba.gov. Additional details on the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955.


Return to Today's News Stories - Front Page

Monday, August 19, 2019

  • Jefferson County fatality
  • Cocke County pursuit
  • Weisend assault

    Friday, August 16, 2019

  • Governors Rural Opportunity Summit
  • Motorcycle crash
  • Cocke County fire and marijuana
  • Jobless numbers in July
  • West is executed

    Thursday, August 15, 2019

  • Carver's Apple House damaged
  • Cocke County Grand Jury
  • Inmates charged
  • Governor's Rural Opportunities Summit
  • Endangered Species Act

    Wednesday, August 14, 2019

  • Newport City Council
  • Cocke County Finance Committee

    Tuesday, August 13, 2019

  • Williams injury
  • Large barn/apartment destroyed by fire
  • Tennessee tourism continues to grow
  • Gas prices continue to drop
  • Hembree incident
  • Abortion bill
  •    

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