The U.S. Small Business Administration announced on Friday that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private nonprofit organizations in North Carolina due to excessive rain from Jan. 1 to Dec. 31, 2020. Low-interest disaster loans are available in the counties of Beaufort, Carteret, Craven, Hyde, Jones, Lenoir, Onslow, Pamlico and Pitt in North Carolina. “When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities, affected by the same disaster,” said Kem Fleming, director ofRead More →

The federal government is sending out a $1,200 Federal Economic Impact Payments (otherwise known as a federal stimulus payment) for a qualifying adult. There is also an additional $500 stimulus payment available for each qualifying child under the age of 17. While people who receive Social Security (SSI) will receive the full $1,200 stimulus payment automatically, those who didn’t file federal tax returns in 2018 or 2019 will need to use the IRS online tool to register to receive an additional $500 stimulus payment for each qualifying child. People in that group can visit this website to receive the payment.  For more information on whether some oneRead More →

Here are some SBA numbers for the State and local area: Statewide • FEMA Referrals: 98,665 • Dollars Approved: $267,658,400 • Over 90 percent of approved loans were awarded to homeowners and renters Carteret County • FEMA Referrals: 7,809 • Dollars Approved: $29,090,400 Craven County • FEMA Referrals : 8,543 • Dollars Approved: $46,745,800 Jones County • FEMA Referrals: 1,361 • Dollars Approved: $11,476,300 Lenoir County • FEMA Referrals: 982 • Dollars Approved: $1,732,100 Onslow County • FEMA Referrals: 15,746 • Dollars Approved: $31,224,800 Pamlico County • FEMA Referrals; 1,193 • Dollars Approved: $5,551,900 Here is the list of disaster recovery centers that are operating: • Craven CountyRead More →

The U.S. Small Business Administration (SBA) is encouraging those affected by Hurricane Florence from Sept. 8 through Oct. 8, 2018 in North Carolina to submit their completed applications, even if they have not settled with their insurance company. “Waiting to file an SBA application could cause unnecessary delays in receiving disaster assistance, and survivors may miss the application deadline. Returning the loan application is an essential part of the disaster recovery process,” said Kem Fleming, director of SBA Field Operations Center East. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA will consider makingRead More →

The U.S. Small Business Administration (SBA) has extended the deadline to apply for physical disaster damages in North Carolina. Businesses and individuals with physical damages caused by Hurricane Florence on Sept. 7 – 29, 2018, should apply for SBA low-interest disaster loans before the Dec. 13, The disaster declaration covers the North Carolina counties of Anson, Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Durham, Greene, Guilford, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Moore, New Hanover, Onslow, Orange, Pamlico, Pender, Pitt, Richmond, Robeson, Sampson, Scotland, Union, Wayne and Wilson; for economic injury only in the contiguous North Carolina counties of Alamance, Cabarrus, Caswell,Read More →

Survivors of Hurricane Florence who apply for disaster assistance from FEMA may be contacted by the U.S. Small Business Administration with information on how to apply for a disaster loan. SBA offers low-interest disaster loans to businesses of all sizes, private nonprofit organizations, homeowners and renters. Next to insurance, SBA low-interest disaster loans are the primary source of funds for real estate property repairs and replacing contents destroyed during Hurricane Florence. Homeowners may borrow up to $200,000 from SBA to repair or replace their primary residence. Homeowners and renters may borrow up to $40,000 to repair or replace personal property. Businesses may borrow up toRead More →