Virginians impacted by Hurricane Helene are eligible for disaster assistance from the US Small Business Administration (SBA), but the application deadline is Monday, December 2.
The application deadline for those who were physically harmed by Helene is Monday, December 2. The deadline for applications for those who were economically harmed is July 1, 2025.
Which Kinds of Disaster Loans Are Offered?
Funds for business physical disaster loans are used to replace or repair damaged company property. Real estate, supplies, inventories, and machinery and equipment are all included in this.
Businesses of any size, as well as private and non-profit institutions like churches, private universities, and charities, are eligible, according to the Small Business Administration.
Funds for business physical disaster loans are used to replace or repair damaged company property. Real estate, supplies, inventories, and machinery and equipment are all included in this.
Businesses of any size, as well as private and non-profit institutions like churches, private universities, and charities, are eligible, according to the Small Business Administration.
Small enterprises, small agricultural cooperatives, small aquaculture businesses, and the majority of private, non-profit organizations, regardless of size, that are unable to pay their debts due to Helene are eligible for Economic Injury Disaster Loans (EIDL), which offer working capital.
Both homeowners and renters can apply for Home Disaster Loans to replace or repair damaged personal goods, including cars, and real estate.
In order to apply, candidates must demonstrate their ability to repay all loans and have a credit history that the SBA approves of.
| Physical Damage Loan Types | No Credit Available Elsewhere | Credit Available Elsewhere |
| Home Loans | 2.81% | 5.63% |
| Business Loans | 4.00% | 8.00% |
| Non-Profit Organizations | 3.25% | 3.25% |
Disaster relief loans may be available to residents of the following counties:
Bedford, Bland, Carroll, City of Galax, Giles, Grayson, Lee, Montgomery, Pittsylvania, Pulaski, City of Radford, Russell, Scott, Smyth, Tazewell, Washington, Wise, and Wythe; only the contiguous counties of Amherst, City of Bristol, Buchanan, Botetourt, Campbell, Craig, City of Danville, Dickenson, Floyd, Franklin, Halifax, Henry, City of Lynchburg, Patrick, Rockbridge, and Roanoke County; only the contiguous counties of Bell, Harlan, Letcher, and Pike; only the contiguous counties of Alleghany, Ashe, Caswell, Rockingham, and Surry; and only the contiguous counties of North Carolina.
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The US Small Business Administration Disaster Loan Fact Sheet contains all the specific details regarding eligibility requirements and conditions.
Disaster loan applications can be made online at lending.sba.gov or at other places designated by the local government through the MySBA Loan Portal. For additional help, please call 1-800-659-2955 or send an email to [email protected] to reach the SBA’s Customer Service Center.
To use telecommunications relay services, individuals who are deaf, hard of hearing, or have a speech disability should phone 7-1-1.
