Bluefield Daily Telegraph, Bluefield, WV

WV State News

May 5, 2014

W.Va. small businesses face disaster loan deadline

CHARLESTON — Time is running out for small businesses and nonprofits in six counties to apply for federal disaster loans.

The U.S. Small Business Administration is offering low-interest loans to small businesses and most private nonprofits in Calhoun, Clay, Jackson, Kanawha, Roane and Wirt counties that were affected by severe storms and rain in June 2013.

May 29 is the deadline to apply for the working capital disaster loans.

Loans of up to $2 million are available. The SBA says the loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid if the disaster hadn’t occurred.

 

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