A big win for thousands of people hit hard by Tropical depression Chantal.
On Friday, Governor Josh Stein announced the Small Business Administration approved a disaster declaration for eight North Carolina counties slammed by the storm.
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"This declaration will help families and business owners across central North Carolina who are still reeling from the severe flooding caused by Tropical Storm Chantal,” said Governor Josh Stein. “I want to thank the Small Business Administration for swiftly approving this request. North Carolinians are resilient and will get through this together.”
Homeowners, renters and businesses owners in Durham, Orange, Alamance, Chatham, Person, and Wake counties may be eligible for assistance.
Homeowners and renters can borrow up to $500,000 for repair and construction costs.
Businesses and nonprofits can borrow up to $2 million to repair or replace property.
Applications for SBA disaster loans can be submitted online using the MySBA Loan Portal or other locally announced locations.