SBA Provides Federal Disaster Loans To Businesses Affected By Nashville Bombing | New
NASHVILLE, TN (WSMV) – Loans are available for small businesses that suffered in the Christmas bombing in Nashville after the governor’s announcement on Friday.
The U.S. Small Business Administration has said its disaster loan program is available to businesses affected by an RV explosion outside an AT&T transmission building in the Second Avenue North neighborhood.
“We are pleased that the SBA can help those who saw their lives turned upside down on Christmas morning,” Governor Bill Lee said in a statement Friday. “We will continue to make all available efforts to support Nashville’s recovery efforts.”
Affected homeowners can apply for loans of up to $ 200,000 to repair or replace damaged or destroyed real estate. Affected landlords and tenants can apply for loans of up to $ 40,000 to repair or replace damaged or destroyed personal property.
“Interest rates are as low as 3% for businesses, 2% for nonprofits and 1.125% for landlords and tenants, with terms of up to 30 years,” said on Friday. Tennessee Military Department in a statement.
To download a loan request, Click here. Completed applications should be sent to the following address:
- U.S. Small Business Administration, Processing, and Disbursement Center
- 14925 Kingsport Road
- Fort Worth, TX 76155
The deadline for filing for physical damage to property is March 29, while the deadline for claims for economic damage is October 28, 2021.
Loans are available to businesses in Davidson County as well as businesses in Cheatham, Robertson, Rutherford, Sumner, Williamson and Wilson counties.
The SBA has opened a virtual disaster loan awareness center to help people apply for loans, accessible by email. [email protected]. Anyone needing help can call the center at 800-659-2955 Monday to Sunday, 8 a.m. to 8 p.m. Eastern Time.
WSMV.com is now with you on the go! Get the latest news and videos, 4WARN weather forecasts, weather radar, special investigation reports, sports headlines and more from News4 Nashville.
Copyright 2020 WSMV (Meredith Corporation). All rights reserved.