Financial assistance available for Orange Co. storm victims - Local news, weather, sports Savannah | WSAV On Your Side

Financial assistance available for Orange Co. storm victims

Posted: Updated:
CHAPEL HILL, N.C. -

Gov. Pat McCrory announced Wednesday financial assistance is available for survivors who suffered damages from the severe thunderstorms and flash flooding that struck Orange and adjoining counties June 30.

The aid is a result of the governor's request for a disaster declaration by the U.S. Small Business Administration, authorities said.

"The storms that moved through Orange County and surrounding areas caused severe damage to many communities," McCrory said in a statement. "While I'm inspired by the resilience of those who have been impacted, we want to make all resources available for recovery efforts. We requested this assistance to get the people and businesses of Chapel Hill, Carrboro and surrounding areas back on their feet."

McCrory sent the request for assistance to the SBA last week, officials said. Wednesday, he proclaimed a state disaster declaration enabling those who do not qualify for SBA loans to seek state funds to help them to recover.

While Orange is the only county that meets the threshold for SBA assistance, residents and business owners in the surrounding counties of Alamance, Caswell, Chatham, Durham, and Person counties can also apply for the federal assistance.

"We're going to do everything we can to help residents in these communities recover as quickly as possible," said Department of Public Safety Secretary Kieran Shanahan. "Recovery teams from the SBA and North Carolina Emergency Management will be at the disaster outreach center to help individuals complete their applications, answer questions about the disaster loan program and explain the application process."

A U.S. Small Business Administration Disaster Loan Outreach Center will open on Friday at the University Mall located at 201 S. Estes Drive in Chapel Hill. The center will be open Friday from noon to 6 p.m., Saturday from 10 a.m. to 2 p.m. and next Monday through Thursday from 9 a.m. to 6 p.m.

Loans up to $200,000 are available through the SBA to homeowners to repair or replace damaged or destroyed structures. Homeowners and renters also are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property, such as clothing, appliances, etc.  Storm victims in the designated counties who do not qualify for a federal loan may be eligible for a state grant.

Businesses and non-profit organizations may borrow up to $2 million for physical damage. Working capital loans are also available to small businesses and most private non-profit organizations.

Interest rates are as low as 1.875 percent for homeowners and renters, 2.875 percent for non-profit organizations and four percent for businesses with terms up to 30 years.  Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.  

Individuals and businesses unable to visit the center can apply via the SBA Customer Service Center at 800-659-2955 or apply online at https://disasterloan.sba.gov/ela.  Members of the deaf and hard-of-hearing community can call 800-877-8339.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Monday, July 21 2014 11:33 AM EDT2014-07-21 15:33:26 GMT
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
  • Update: Savannah Chatham Metro Police Look Into Multiple Midtown Shooting

    Update: Savannah Chatham Metro Police Look Into Multiple Midtown Shooting

    Officers with the SCMPD were gathered on Sunday evening outside a residence on 55th street. That home was near the intersection of 55th street and Hickory. They weren’t releasing details of the crime investigated, but there were a number of clues as to just what it might be, including the the fact that officers were gathered in large numbers there and had already stretched crime scene tape around the area. News 3 is still investigating this scene. When more information becomes available, find...
    Officers with the SCMPD were gathered on Sunday evening outside a residence on 55th street. That home was near the intersection of 55th street and Hickory. They weren’t releasing details of the crime investigated, but there were a number of clues as to just what it might be, including the the fact that officers were gathered in large numbers there and had already stretched crime scene tape around the area. News 3 is still investigating this scene. When more information becomes available, find...
  • Birmingham man's penis amputated during circumcision, according to Jefferson County lawsuit

    Birmingham man's penis amputated during circumcision, according to Jefferson County lawsuit

    Thursday, July 24 2014 7:39 PM EDT2014-07-24 23:39:17 GMT
    The man says he was not warned that a circumcision procedure could lead to a penis amputation.
    The man says he was not warned that a circumcision procedure could lead to a penis amputation.
  • Trending StoriesTrending StoriesMore>>

  • 2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    Friday, July 25 2014 9:00 AM EDT2014-07-25 13:00:14 GMT
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
  • UNC: Former athletes can return to finish degrees

    UNC: Former athletes can return to finish degrees

    Thursday, July 24 2014 1:04 PM EDT2014-07-24 17:04:36 GMT
    UNC Chancellor Carol Folt. (File photo)UNC Chancellor Carol Folt. (File photo)
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
  • Indian teen has 232 'teeth' removed from jaw

    Indian teen has 232 'teeth' removed from jaw

    Friday, July 25 2014 11:23 PM EDT2014-07-26 03:23:39 GMT
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.