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Small Businesses Can Apply for Assistance

North Carolina’s small businesses suffering economic losses due to the novel coronavirus, COVID-19, can now apply for low-interest U.S. Small Business Administration disaster loans.

Gov. Roy Cooper

The SBA granted Gov. Roy Cooper’s request, the governor’s office announced Thursday.

“Many small businesses are desperate right now and this SBA approval will help,” said Cooper. “Even more is needed and we will continue to push for additional assistance while we work to protect the health of North Carolinians.”

At Cooper’s request, the SBA granted a disaster declaration to small businesses across the state, allowing affected businesses to apply for low interest SBA disaster loans.

Applicants may apply online using the Electronic Loan Application via SBA’s secure website or download the application at disasterloan.sba.gov.

Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 or 1-800-877-8339 for the deaf and hard-of-hearing, or by emailing disastercustomerservice@sba.gov.

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Staff Report

The story was compiled by staff members of Coastal Review Online.