SBA Business Disaster Loans for Hurricane Ian Available

12.16.2022

Apply Now: Economic Injury Disaster Loans for Businesses due to Hurricane Ian

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The deadline to return economic injury applications is Aug. 21, 2023.

Low-interest disaster loans from the U.S. Small Business Administration (SBA) are available to businesses and residents in South Carolina and parts of North Carolina (including Brunswick County) following the announcement of a Presidential disaster declaration for Hurricane Ian that occurred from Sept. 25 to Oct. 4, 2022.

The disaster declaration covers Charleston, Georgetown, and Horry counties in South Carolina, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Berkeley, Colleton, Dillon, Dorchester, Marion, and Williamsburg in South Carolina; and Brunswick, Columbus, and Robeson in North Carolina.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property.