Disaster Resources

TENNESSEE Declaration 20131 & 20132
(Disaster: TN-20009)
Incident: SEVERE STORMS AND TORNADOES
occurring: December 9, 2023
in the Tennessee counties of: Cheatham, Davidson, Dickson, Gibson, Montgomery, Stewart, and Sumner; for economic injury only in the contiguous Tennessee counties of: Cheatham, Hickman, Houston, Humphreys, Macon, Robertson, Rutherford, Stewart, Trousdale, Williamson and Wilson; and for economic injury only in the contiguous Kentucky counties of: Allen, Christian, Simpson and Todd
Application Filing Deadlines:
Physical Damage: February 12, 2024 (DEADLINE HAS PASSED) Economic Injury: September 13, 2024
If you are located in a declared disaster area, you may be eligible for financial assistance from the U. S. Small Business Administration (SBA).
What Types of Disaster Loans are Available?
• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
• Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
• Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

You can find more information via the SBA Press Release here: https://www.sba.gov/article/2023/12/15/sba-offers-disaster-assistance-businesses-residents-tennessee-affected-severe-storms-tornadoes

Online applications for assistance and additional information may also be found through the SBA’s Disaster Declaration Search: https://lending.sba.gov/search-disaster/?disaster=TN-20009

SBA Disaster Loans Available for Severe Storms, Straight-line Winds, and Tornadoes on August 7, 2023, in Knox County and adjacent counties.

The U.S. Small Business Administration (SBA) has announced that businesses and residents affected by Severe Storms, Straight-line Winds, and Tornadoes on August 7, 2023, in Knox County and adjacent counties can apply for low-interest disaster loans.

The loans are available to businesses of all sizes, homeowners, and renters in the declared area, which covers Knox County and the adjacent counties of Anderson, Blount, Grainger, Jefferson, Loudon, Roane, Sevier, and Union Counties.

The loans can be used to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

The SBA is committed to providing the people of Tennessee with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners, and renters with federal disaster loans.

The SBA offers three types of disaster loans:

• Business Physical Disaster Loans
• Economic Injury Disaster Loans (EIDL)
• Home Disaster Loans.

Business Physical Disaster Loans are available to businesses of any size, including private, non-profit organizations such as charities, churches, and private universities.

Economic Injury Disaster Loans are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met due to the disaster.

Home Disaster Loans are available to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

The credit requirements for SBA disaster loans include a credit history acceptable to the SBA and the ability to repay all loans.

Interest rates are as low as 4% for businesses, 2.375% for nonprofit organizations, and 2.5% for homeowners and renters, with terms of up to 30 years.

Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at sba.gov/disaster and should apply under SBA declaration # 20060 and 20061.

The SBA also offers additional funds to cover the cost of improvements that will protect property against future damage, such as retaining walls, seawalls, and sump pumps.

Mitigation loan money would be in addition to the amount of the approved loan. Still, it may not exceed 20 percent of the total amount of physical damage to real property, including leasehold improvements, and personal property as verified by the SBA to a maximum of $500,000 for home loans.

Applicants may apply online, receive additional disaster assistance information, and download applications at sba.gov/disaster.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

SMALL BUSINESS ADMINISTRATION
Disaster Declaration # 18088 and # 18089; TENNESSEE Disaster Number TN-00148
Presidential Declaration of a Major Disaster for Public Assistance Only for the State of TENNESSEE
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
SUMMARY: This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for the State of TENNESSEE (FEMA-4729-DR), dated 08/17/2023.
Incident: Severe Storms and Straight-Line Winds.
Incident Period: 06/25/2023 through 06/26/2023.
DATES: Issued on 08/17/2023.
Physical Loan Application Deadline Date: 10/16/2023. (EXPIRED)
Economic Injury (EIDL) Loan Application Deadline Date: 05/17/2024.
ADDRESS: Submit completed loan applications to:
U.S. Small Business Administration,
Processing and Disbursement Center,
14925 Kingsport Road,
Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416, (202) 205-6734.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the President’s major disaster declaration on 08/17/2023, Private Non-Profit organizations that provide essential services of a governmental nature may file disaster loan applications at the address listed above or other locally announced locations.
The following areas have been determined to be adversely affected by the disaster:
Primary Counties:
Fayette, Shelby, Tipton.
The Interest Rates are:
For Physical Damage:
Non-Profit Organizations with Credit Available Elsewhere 2.375
Non-Profit Organizations without Credit Available Elsewhere 2.375

For Economic Injury:
Non-Profit Organizations without Credit Available Elsewhere 2.375
The number assigned to this disaster for physical damage is 18088 B and for economic injury is 18089 0.
(Catalog of Federal Domestic Assistance Number 59008)