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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.
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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