Interest rates are as low as 3.04 percent for businesses, 1.875 percent for nonprofit organizations, and 2.188 percent for homeowners and renters, with terms up to 30 years. All visitors to the BRC are encouraged to wear a face mask. SBA Customer Service Representatives will be available at the Business Recovery Center as indicated below to answer questions about the disaster loan program and assist business owners in completing their applications.ĭue to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Berkeley, Colleton, Dillon, Dorchester, Marion and Williamsburg in South Carolina and Brunswick, Columbus and Robeson in North Carolina. The disaster declaration covers Charleston, Georgetown and Horry Counties in South Carolina, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. 4, 2022 should apply for the federal disaster loan program. Anyone in the declared counties who incurred damage caused by Hurricane Ian from Sept. Small Business Administration (SBA) encourages businesses of all sizes, private nonprofit organizations, homeowners and renters in South Carolina to apply for a disaster loan before the Jan. Market research and competitive analysisĪTLANTA – The U.S.
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