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Completing SBA loan applications may mean more assistance for some
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The U.S. Small Business Administration is reminding storm and flood survivors in South Carolina to complete loan applications even if they do not plan to accept a loan.

Survivors who receive notice to apply to the SBA are encouraged to complete the application as it may make them eligible for other assistance, according to a SBA press release forwarded by Kershaw County government officials. Survivors should apply to SBA before insurance is settled.

Completing an SBA application can help homeowners, renters and businesses of all sizes with repair or rebuilding costs or disaster-related damage costs that exceed initial estimates. SBA disaster loans are also available to help private nonprofit organizations with their recovery. The application is not required for survivors seeking temporary rental assistance.

Homeowners may be eligible to receive loans of up to $200,000 for their primary residences. Homeowners and renters may also borrow up to $40,000 to repair or replace damaged or destroyed personal items such as clothing and vehicles. Businesses may borrow up to $2 million for property damage. Small businesses may borrow up to $2 million for economic injury.

Survivors may obtain more information by visiting the SBA website at www.sba.gov/disaster, applying online via SBA’s secure website: https://disasterloan.sba.gov/ela, or calling SBA’s Disaster Assistance Customer Service Center at (800) 659-2955. Individuals who are deaf, hard of hearing or have speech disabilities and use a TTY may call (800) 877-8339. Individuals who use 711 or Video Relay Service, may call (800) 659-2955.

Survivors may also visit any disaster recovery center where SBA customer service representatives can answer questions, help complete loan applications and close loans. For the nearest location go to http://www.fema.gov/disaster/4241. The SBA is also operating business recovery centers in Charleston, Horry, Richland and Sumter counties.