Winston Salem Times

Winston Salem Times

Thursday, April 9, 2020

WINSTON-SALEM CHAMBER OF COMMERCE: SBA Disaster Loans: 3 Steps to Apply

Local Government

By Press release submission | Mar 26, 2020

Shutterstock 132610877

Winston-Salem Chamber of Commerce recently issued the following announcement.

The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters. The SBA approved Governor Roy Cooper’s request to open up the disaster loan program to North Carolina businesses affected by COVID 19.

Three-Step Process

Step 1: Apply for the loan

Apply online or by mail. As a small business, you can apply for a maximum loan of $2 million for economic injury.

Step 2: Loan processing decision

SBA reviews your credit before conducting an inspection to verify your losses. An SBA verifier will estimate the total loss to your business. A loan officer works with you to provide all the necessary information needed to reach a loan determination.

Step 3: Funds Dispersed

A case manager will be assigned to work with you to help you meet all loan conditions. They will also schedule subsequent disbursements until you receive the full loan amount.

PDF: THREE STEPS TO APPLY 

ONLINE APPLICATION

Application Materials

  • Completed and signed application.
  • Tax Information Authorization
  • Tax Returns
  • Schedule of Liabilities
  • Personal Financial Statement
  • Other documentation may be needed. SBA will assist your unique case.
Phone numbers: 1-800-659-2955 or (TTY) (800) 877-8339

Original source: https://www.winstonsalem.com/2020/03/sba-disaster-loans-3-steps-to-apply/

Want to get notified whenever we write about Winston-Salem Chamber of Commerce ?

Sign-up Next time we write about Winston-Salem Chamber of Commerce, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Winston-Salem Chamber of Commerce

More News