Federal, State funds available to storm victims

North Carolina Governor Pat McCrory announced Wednesday that financial assistance is available for those affected by the severe storms that struck Montgomery, Stanly and other counties June 13. The aid is a result of the governor’s request for a disaster declaration by the U.S. Small Business Administration (SBA).

At a temporary office, Small Business Administration (SBA) representative Bobby Knight (L) speaks to a couple about Federal assistance due to flooding. (John Ficara/FEMA photo)

At a temporary office, Small Business Administration (SBA) representative Bobby Knight (L) speaks to a couple about Federal assistance due to flooding. (John Ficara/FEMA photo)

McCrory said, “Now many of those homeowners, renters and business owners whose property was damaged or destroyed can apply for low-interest loans or grants to help get back on their feet.”

The governor sent the request for assistance to the SBA last week, and yesterday he proclaimed a state disaster declaration enabling those who do not qualify for SBA loans to seek state funds to help them recover.

A U.S. Small Business Administration Disaster Loan Outreach Center is now open at the Stanly County Agri-Civic Center near Albemarle. The office will be open weekdays from 8:00 a.m. to 5:00 p.m. through Thursday, July 18, and 9 a.m. to 1 p.m. on Saturday, July 14. The center will be closed on Sunday.

While Stanly was the only county that met the threshold for SBA assistance, residents and business owners in the surrounding counties of Montgomery, Anson, Cabarrus, Davidson, Richmond, Rowan and Union can also apply for assistance.

Department of Public Safety Secretary Kieran Shanahan said, “Recovery teams from the SBA and North Carolina Emergency Management will be at the disaster outreach center to help individuals complete their applications, answer questions about the disaster loan program and explain the application process.”

The low-interest SBA loans are available to homeowners and renters for the repair or replacement of damaged or destroyed structures and personal property such as clothing, appliances, etc. Storm victims in the designated counties who do not qualify for a federal loan may be eligible for a state grant.

Loans are also available to businesses and nonprofit organizations for physical damage and working capital. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Individuals and businesses unable to visit the center can apply via the SBA Customer Service Center at 800-659-2955 or apply online at https://disasterloan.sba.gov/ela. Members of the deaf and hard-of-hearing community can call 800-877-8339.

The severe thunderstorms and damaging winds that rolled across the state June 13 killed three people, knocked down trees, damaged homes, blocked roads and caused power outages, but the level of damage did not meet the threshold for financial assistance from the Federal Emergency Management Agency (FEMA).

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