SBA Relief Still Available
North Carolina Small Businesses and Private Nonprofits Affected by Hurricane Helene encouraged to apply.
The US Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in North Carolina of the July 21, 2025 deadline to apply for low interest federal disaster loans to offset economic losses September 25 through December 28, 2024 by Hurricane Helene.
SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
“Through a declaration by the US Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
To apply, go to www.sba.gov/funding-programs/disaster-assistance/economic-injury-disaster-loans.
For questions, please contact the SBA Disaster Assistance Customer Service Center at (800) 659-2955, or [email protected].
