FRANKFORT, Ky. — Gov. Matt Bevin received confirmation Thursday that the U.S. Small Business Administration (SBA) has approved disaster assistance loans for the severe storms and heavy flooding that affected the commonwealth on Feb. 6 through March 10, 2019. SBA will make low-interest disaster loans available to homeowners, renters and businesses who sustained damage during the approved time period.
“We are grateful to the U.S. Small Business Administration for making low-interest loans available to Kentuckians who are dealing with property damage caused by the severe weather earlier this year,” said Gov. Bevin. “Kentucky’s business owners, homeowners and renters are the cornerstones of our communities, and this program provides important aid during the recovery process.”
“We are appreciative of the SBA declaration in that these loans will help citizens and small businesses with replacing personal property, real property and equipment lost or damaged during the severe storms,” said Kentucky Emergency Management (KYEM) Director Michael Dossett. “SBA has several types of low interest loans that can assist with a variety of situations.”
Primary counties included in the SBA declaration are Johnson and Magoffin, along with the contiguous counties of Breathitt, Floyd, Knott, Lawrence, Martin, Morgan and Wolfe.
Further information about what types of loans are available, how to apply and deadlines for loan applications is available at sba.gov/funding-programs/disaster-assistance.