NASHVILLE, Tenn. (WKRN) – The U.S. Small Business Administration (SBA) granted a disaster declaration for Wayne County after it was hit hard by severe storms and tornadoes last December.
The declaration, announced by Governor Bill Haslam on Friday, also includes the surrounding counties of Decatur, Hardin, Lawrence, Lewis and Perry in Tennessee, as well as Alabama’s Lauderdale County.
MORE: NWS confirms 4 tornadoes hit Tennessee on Christmas Eve
Those affected by the weather have until April 25, 2016 to apply for assistance for physical damage and until Nov. 25, 2016 to apply for relief from economic injury.
“These storms left incredible devastation across multiple counties, and access to the SBA’s disaster loans will help these citizens, individual homeowners, renters and business owners begin the recovery process much faster,” Haslam said.
PHOTOS: December severe weather
The interest rates for homeowners will be 1.813 percent for those without established credit, and 3.625 percent for those with established credit.
Interest rates for businesses will be 4 percent for those without established credit, and 6 percent for businesses with established credit.
The SBA is opening a temporary office to help homeowners and businesses with the disaster loan process.
The SBA office will operate from March 1 through 8, closed on Sunday, and will be located at the Lutts Fire Department, 8111 Lutts Road, in Wayne County.
More information is available through the SBA’s Disaster Assistance Customer Service Center at 1-800-659-2955, by email disastercustomerservice@sba.gov, or by visiting SBA’s website at SBA.gov.
Source: news2
Counties affected by tornadoes, storms granted disaster declaration
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