PRINCETON, W. Va. -The U.S. Small Business administration is now set up in a temporary office at the Princeton Public Library, helping get assistance to those trying to get back on their feet after last month’s devastating floods. As the first “business resource center” built in our area, this location hopes to help business owners, homeowners, nonprofits, or even renters who have suffered damage following the flood and storms.
There, they can apply for a disaster loan, with homeowners eligible for up to $500,000, renters up to $100,000, and businesses up to $2,000,000. This center serves the four primary flood-affected counties: Mingo, Wyoming, McDowell, and Mercer as well as other surrounding counties.
In a press release, SBA says, “Small businesses and most private nonprofit (PNP) organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Boone, Lincoln, Logan, Monroe, Raleigh, Summers and Wayne, as well as Martin and Pike in Kentucky, and Bland, Buchanan, Giles and Tazwell in Virginia.”
The lead public affairs specialist for the West Virginia Declaration, of SBA, Antwan Harris, says the goal of these loans is helping people recover from this flooding disaster, with this money potentially helping when insurance cannot.
“…Some of the first calls are to your insurance. Well, insurance companies are going to be inundated right now with all the calls… from all the damage that has happened. As they work to help their customers, we’re also here to say, from the U.S. Small Business point of view, we can also help as well,” says Harris.
Harris says no appointment is necessary to stop by. They are open: Monday – Thursday 10:00 am – 7:00 pm, Friday 10:00 am – 5:00 pm, Saturday 10:00 am – 2:00 pm, and are closed on Sunday.
You can go to their website for more information.
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