On Monday, 2 business recovery centers will open in Elkhorn, Va., KY

(WTVQ/PRESS RELEASE) –

The US Small Business Administration (SBA) announced today the opening of two Business Recovery Centers (BRCs) on Monday, August 15th in Elkhorn and Virgie, Kentucky. These BRCs are designed to provide customized disaster loan application assistance to Kentucky businesses affected by severe storms, flooding, mudslides and mudslides that began on July 26.

A disaster declaration extends to Breathitt, Clay, Floyd, Knott, Leslie, Letcher, Magoffin, Martin, Owsley, Perry, Pike and Wheatley counties in the state of kentucky, who qualify for SBA Physical and Economic Injury Loans (EIDLs). Small businesses and most private nonprofits in the following contiguous counties are eligible to apply for SBA Disaster Relief Loans (EIDLs) only: Bell, Harlan, Jackson, Johnson, Knox, Laurel, Lawrence, Lee, McCreary, Morgan and Wolfe in the state of kentucky; Campbell and Claiborne v state of tennessee; Buchanan, Dickenson and Wise v Virginia; and Mingo and Wayne West Virginia.

To help small businesses and nonprofits apply for disaster loans, SBA Business Recovery Centers are open as listed below until further notice:

SBA Business Recovery Center

Clay County

Eastern Kentucky University – Manchester

50 University Drive

Manchester, KY 40962

Work time: Every day from 9 am to 7 pm

SBA Business Recovery Center

Letcher County

Appalachian Groundswell

229 East Main Street

Whitesburg, KY 41858

Work time: Every day from 9 am to 7 pm

SBA Business Recovery Center

Perry County

A dangerous community and a technical college

Jolly Classroom Center

1 Community College Drive
Hazard, Kentucky 41701

Work time: Every day from 9 am to 7 pm

SBA Business Recovery Center

Pike County

Elkhorn Public Library

150 East Main Street

Elkhorn, KY 41522

Opens: Monday, August 15

Work time: Every day from 9 am to 7 pm

SBA Business Recovery Center

Pike County

Vesta Roberts Johnson Memorial Library

180 Highway 610 West

Virginia, KY 41572

Opens: Monday, August 15,

Work time: Every day from 9 am to 7 pm

Due to the ongoing COVID-19 pandemic, SBA has developed protocols to help protect the health and safety of the public. All visitors to the BRC are advised to wear a face mask.

Customer service representatives will be available as noted above at the BRC to answer questions about the disaster loan program and assist business owners in completing their applications. Due to the ongoing COVID-19 pandemic, SBA has developed protocols to help protect the health and safety of the public. All visitors to the BRC are advised to wear a face mask.

Businesses and private nonprofits of all sizes can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Applicants may be eligible for a loan increase of up to 20 percent of their physical loss, as verified by the SBA, for mitigation purposes. Appropriate mitigation improvements may include a safe room or weather shelter, well, lift, retaining walls, and landscaping to help protect property and occupants from future damage caused by a similar disaster.

For small businesses, small agricultural cooperatives, small aquaculture businesses, and most private nonprofit organizations, SBA offers economic disaster loans to help meet working capital needs caused by a disaster. A disaster loan is available regardless of whether the business has suffered any material damage.

Disaster loans of up to $200,000 are available to homeowners to repair or replace property damaged or destroyed by a disaster. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

To receive all forms of disaster assistance, applicants must register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is not available, applicants should call FEMA’s toll-free helpline at 800-621-3362. Those using 711-Relay or Video Relay Services should call 800-621-3362.

Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/ and must submit the application using SBA application number 17546.

Disaster loan information and application forms are also available by calling the SBA Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or speech impaired, dial 7-1-1 to access telecommunications relay service) or by sending an email to [email protected] Loan applications can be downloaded from the SBA website at sba.gov/disaster. Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline for submitting an application for a physical loan has passed September 28, 2022. The deadline for returning damage claims May 1, 2023.

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