August 27, 2020
The U.S. Small Business Administration (click here) granted Gov. Roy Cooper’s request for a disaster declaration for small businesses and homeowners facing damage from a tornado that struck as Hurricane Isaias passed through the state on Aug. 4.
“With a tornado on top of a pandemic, this SBA approval will provide much-needed help to our small businesses and homeowners,” said Cooper.
The declaration authorizes low-interest disaster loans to residents and businesses who suffered losses in Bertie County and the contiguous counties of Chowan, Halifax, Hertford, Martin, Northampton and Washington. SBA disaster loans provide up to $200,000 to homeowners and up to $2 million to businesses to repair and/or replace damaged property. Homeowners and renters would also be eligible for loans up to $40,000 to repair or replace damaged personal property....
