The Small Business Administration says some disaster victims can still apply for relief loans as they wind down operations in Kentucky.
The grace period for those impacted by disasters ended earlier this month. But the SBA says residents of Laurel and Pulaski counties impacted by last May’s tornadoes can still reach out and apply for disaster loans, if they have a reason they missed the deadline.
Economic injury loans for businesses are also still available for those impacted by flooding earlier this year.
“If a business has to close down, they lose clientele. They can't get out and get to their clientele, but they have to keep paying their expenses, their utilities, their salaries and they have a loss in working capital, right? Money is not coming in the door. We can help supplement that,” spokesperson Jim Accurso said.
Accurso says their work in Kentucky has continued as normal, despite the government shutdown.
“We are considered essential, because we do help with disaster recovery,” Accurso said. “So currently, our operations are going as they always did. We are still processing loans, we are distributing, dispersing funds.”
Accurso says all that’s needed to start an application is some form of identification. The SBA shuttered their last recovery center in London earlier this month, but Accurso says they can still be reached either by applying online or over the phone at 800-659-2955. More info can also be found by emailing disastercustomerservice@sba.gov.
Following three major disasters in Kentucky earlier this year, the Small Business Association says they’ve handed out more than $50 million in disaster recovery loans.
