Centers Open to Help Storm Survivors in NC Mountain Communities

Disaster Recovery Centers will open this week to help Caldwell and Wilkes county residents who were affected by storms that struck in late October. The two centers join the already announced Disaster Loan Outreach Center that opened November 28, 2017 in Watauga County to provide financial assistance to storm survivors.

Last week, a state disaster declaration was issued for Watauga and surrounding counties and it was announced that the state had received a Small Business Administration disaster declaration. The declaration makes low-interest loans and some grants available to home and business owners and renters in impacted areas.

High winds, tornadoes and floods struck these western counties more than a month ago on October 23, 2017, downing trees, damaging homes and buildings and leaving extensive flooding in Boone. (See local article here.)

Following the storm, Watauga was the only county that met the threshold for SBA assistance, but residents and business owners in the surrounding counties of Ashe, Avery, Caldwell, and Wilkes can also apply for the federal assistance.

Caldwell County Disaster Recovery Center

Grace Chapel Fire Department, 4570 Grace Chapel Road, Granite Falls, NC 28630

Dates: Opens Tuesday, November 28, 2017 at 11am. Closes Tuesday, December 5, 2017 at 3pm.

Hours: Monday-Fridays 9am-6pm, Saturday 10am-2pm, closed Sunday

Wilkes County Disaster Recovery Center

Wilkes County Office Building, 110 North Street, Wilkesboro, NC 28697

Dates: Opens Wednesday, November 29, 2017 at 11am. Closes Wednesday, December 6, 2017 at 3pm.

Hours: Monday-Fridays 9am-6pm, Saturday 10am-2pm, closed Sunday

Watauga County Disaster Loan Outreach Center

Emergency Operations Center, 184 Hodges Gap Road – Building D, Boone, NC 28607

Dates: Opens Tuesday, November 28, 2017 at 11am. Closes Tuesday, December 5, 2017 at 3pm.

Hours: Monday-Fridays 9am-6pm, Saturday 10am-2 pm, closed Sunday

Business Loans

Loans up to $200,000 are available through the US Small Business Administration (SBA) to homeowners to repair or replace damaged or destroyed structures. Homeowners and renters also are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property such as clothing, appliances, etc.

Businesses and nonprofit organizations may borrow up to $2 million for physical damage. Working capital loans are also available to small businesses and most private nonprofit organizations. Interest rates are as low as 1.75 percent for homeowners and renters, 2.5 percent for nonprofit organizations and 3.385 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

To supplement the SBA loan program, Governor Cooper also signed a Type I State Disaster Declaration for Watauga, Ashe, Avery, Caldwell and Wilkes counties. This declaration allows for individual assistance grants to homeowners who do not meet the qualifications for the low-interest federal SBA loans. These state grants can provide assistance in repairing damaged homes and replacement of personal property.

 

Source: NC Office of the Governor

Edited by Kay Whatley

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