On Jul. 17, 2024, SBA published Georgia disaster declaration notice in federal register.
On Jul. 13, SBA reported it would provide aid for water main breaks.
SBA offered disaster aid to GA small businesses affected by water main breaks.
Businesses affected by the water main breaks that occurred from May 31 through Jun. 6, 2024 may apply for low-interest, long-term Economic Injury Disaster Loans (EIDLs).
Eligibility
Aid is in the form of low-interest, long-term Economic Injury Disaster Loans (EIDLs).
EIDLs are available in Fulton County and the adjacent counties of Carroll, Cherokee, Clayton, Cobb, Coweta, Dekalb, Douglas, Fayette, Forsyth and Gwinnett in Georgia.
Businesses, nonprofits may borrow up to $2mn for working capital needs due to break.
For small businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits, SBA offers EIDLs to help meet working capital needs.
EIDLs are available regardless of whether the business suffered any physical damage.
SBA sets loan amounts and terms based on each applicant’s financial condition.
Interest does not accrue, and no payments due until 12 months from first loan draw.
Application Deadlines
Filing deadline to return economic injury applications is Apr. 10, 2025.
Jun. 2024 SBA Federal Register
On Jul. 17, 2024, SBA published Georgia disaster declaration notice in federal register.
