Aug. 6, 2024 SBA Extended Deadline, Added Counties
On Aug. 6, 2024, SBA reported that counties of Dillon, Florence, Horry, Marion, and Marlboro in South Carolina and Columbus and Robeson in North Carolina are eligible.
Loan amount can be up to $2mn are available; loan terms based on financial condition.
Completed loan applications must be submitted to SBA no later than Mar. 31, 2025.
On Jul. 26, SBA reported on disaster assistance due to NC drought.
SBA reported Economic Injury Disaster Loans (EIDLs) are available in NC for small businesses, agricultural cooperatives, aquaculture businesses, most private nonprofits.
Assistance available to help with economic losses due to drought that began on Jul. 9.
Eligibility
Declaration includes primary county of Columbus and the adjacent counties of Bladen, Brunswick, Pender and Robeson in North Carolina; Dillon and Horry in South Carolina.
Available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster, and nurseries for losses due to drought.
Disaster loans are not available for agricultural producers, farmers, and ranchers.
Loan amounts of up to $2mn, based on each applicant’s financial condition, and eligibility based on the size of the applicant, type of activity and its financial resources.
Loans to be used to pay fixed debts, payroll, accounts payable, other bills that could have been paid had disaster not occurred, should not be used to replace sales/profits.
Application Due Dates
Completed loan applications must be submitted to SBA no later than Mar. 17, 2025.
On Jul. 30, 2024, SBA reported that additional affected counties have been added.
The declaration includes the additional primary counties of Forsyth, Robeson, Stokes, Surry, and Yadkin; and the adjacent counties of Alleghany, Bladen and Columbus.
As well as, Cumberland, Davidson, Davie, Guilford, Hoke, Iredell, Rockingham, Scotland, and Wilkes in North Carolina; Dillon, Horry and Marlboro in South Carolina.
Added the following counties in Virginia, Carroll, Grayson, Henry and Patrick.
Completed loan applications must be submitted to SBA no later than March 24, 2025.
Aug. 6, 2024 SBA Extended Deadline, Added Counties
On Aug. 6, 2024, SBA reported that counties of Dillon, Florence, Horry, Marion, and Marlboro in South Carolina and Columbus and Robeson in North Carolina are eligible.
Loan amount can be up to $2mn are available; loan terms based on financial condition.
Completed loan applications must be submitted to SBA no later than Mar. 31, 2025.
