CLARKSVILLE, TN – In response to a presidential disaster declaration issued April 10, the U.S. Small Business Administration (SBA) announced the availability of low interest disaster loans for Tennessee businesses, nonprofits, and residents affected by severe winter storms occurring Jan. 22-27.
The declaration covers Montgomery and several other Tennessee counties, which are eligible for both Physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA.
Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets…