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Monday, February 29, 2016
Haslam Announces SBA Disaster Declaration For Six Tennessee Counties From December 2015 Severe Weather Impact
Low-Interest Loans Available to Residents in Wayne and its Surrounding Counties
Tennessee Gov. Bill Haslam today announced the U.S. Small Business Administration (SBA) has granted a disaster declaration for Wayne County due to impacts in the county from the severe storms, tornadoes and heavy precipitation that occurred Dec. 23-28, 2015.
The declaration also includes the surrounding counties of Decatur, Hardin, Lawrence, Lewis and Perry in Tennessee, as well as Alabama’s Lauderdale County.
“These storms left incredible devastation across multiple counties, and access to the SBA’s disaster loans will help these citizens, individual homeowners, renters and business owners begin the recovery process much faster,” Haslam said.
Those affected have until April 25, 2016 to apply for assistance for physical damage and until Nov. 25, 2016 to apply for relief from economic injury.
The interest rates for homeowners will be 1.813 percent for those without established credit, and 3.625 percent for those with established credit. Interest rates for businesses will be 4 percent for those without established credit, and 6 percent for businesses with established credit.
The SBA is opening a temporary office to help homeowners and businesses with the disaster loan process. The SBA office will operate from March 1-8, closed on Sunday, and will be located at the Lutts Fire Department, 8111 Lutts Road in Wayne County.
More information is available through the SBA’s Disaster Assistance Customer Service Center at (800) 659-2955, by email disastercustomerservice@sba.gov, or by visiting SBA’s Web site athttp://www.sba.gov/disaster.
A joint Tennessee Emergency Management