SBA Disaster loans now available for businesses, residents in Lee and Wise County, VA due to flooding in February

Businesses and residents in Lee and Wise County, VA affected by flooding in February can now apply for low-interest disaster loans from the US Small Businesses Administration.

This comes after a request for a disaster declaration to the SBA from Kentucky Governor Andy Beshear was granted, covering the two counties in Southwest VA in addition to parts of Kentucky and Tennessee.

Because of the COVID-19 pandemic, the SBA will not be on sight to assist, but will provide assistance through a virtual disaster loan outreach center.

The SBA reports those in need of assistance can apply online using the Electronic Loan Application (ELA) via the SBA’s secure website here. Virtual customer support representatives will be standing by to assist applicants with completing the online application. Below is some additional contact information:

Virtual Disaster Loan Outreach Center (VDLOC)
Open: Monday – Friday
Hours: 8 a.m. – 5 p.m.
Closed: Saturdays and Sundays
FOCE-Help@sba.gov(link sends e-mail).
Phone: 470-363-5611, 571-422-6078 or 571-422-7312

The filing deadline to return applications for physical property damage is July 31st while the deadline to return economic injury applications is March 1st, 2021.

The full news release from the Small Business Administration can be read here.