Crockett County, Tennessee businesses and residents were affected by severe winter storm on 2/3/2022 through 2/4/2022. The Small Business Administration (SBA) is offering financial disaster assistance for Crockett County, Tennessee businesses that suffered physical damage or economic injury and loss to their TN business operations located in Crockett County.
SBA Loan Deadlines for the Crockett County, Tennessee Declared Disaster Declaration #17370 and #17371
– Physical Damage Loan Application filing deadline is 05/10/2022.
– Economic Injury Disaster Loan (EIDL) Application filing deadline is 12/12/2022.
– Read the official SBA disaster declaration for Crockett County here.
Business Owners in Crockett County, for speed and personalized attention, Schedule Your Free Disaster Loan Consultation call. Depending on your situation, we may be able to assist you with the SBA process for your business in Crockett County Tennessee.
Severe Winter Storm Incident in Crockett County TN
On 2/3/2022 through 2/4/2022, a Severe Winter Storm bad weather incident caused damage in areas of Tennessee. Disaster Number TN-00135 was declared on 3/11/2022 as an official disaster area through Disaster Declaration #17370 and #17371 due to Severe Winter Storm.
Crockett County, Tennessee Cities and Towns Affected by Severe Winter Storm
Here is a list of all the Crockett County, Tennessee cities, towns, parishes, and municipalities affected by the Severe Winter Storm that occurred 2/3/2022 through 2/4/2022:
Alamo, Bells, Crockett Mills, Friendship, Fruitvale, Gadsden, Maury City.
In Crockett County, Tennessee, eligible businesses and residents are able to apply for a low-interest disaster loan from the U.S. Small Business Administration (SBA), commonly known as an SBA Economic Injury Disaster Loan (EIDL). The SBA offers disaster loan assistance to businesses, nonprofit organizations, homeowners, and renters located in Crockett County, Tennessee, that were affected by the declared disaster number TN-00135.
The SBA also provides eligible Crockett County, Tennessee small businesses and nonprofit organizations with working capital to help overcome the economic injury of the declared disaster in Crockett County, Tennessee.
To apply for financial assistance from the SBA for your business that was affected by Severe Winter Storm in Crockett County, visit the official SBA Disaster Loan Assistance website.
Physical Damage to Your Crockett County Business Property
Crockett County, Tennessee businesses and private nonprofit organizations of any size may borrow an SBA EIDL loan up to a $2 million (two million dollars) to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants in Crockett County, Tennessee may be eligible for an EIDL loan increase up to 20% (twenty percent) of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain or retaining wall to help protect property and occupants from potential future damage that could be caused by a similar disaster in Crockett County, Tennessee.
Economic Injury to Your Crockett County Business Operations in Tennessee
For Crockett County small businesses, companies, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDL) 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 damage to property.
Interest Rates for SBA EIDL Crockett County, Tennessee Disaster Loans
Interest rates for Crockett County, Tennessee are as low as 2.940% (two point nine four zero percent) for businesses, 1.875% (one point eight seven five percent) for nonprofit organizations, with loan amortization terms up to 30 years or 360 months. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition of their business located in Tennessee.
Crockett County SBA Loan Interest Rates for Physical Damage:
– Tennessee Businesses with Credit Available Elsewhere 5.880%
– Businesses in Tennessee without Credit Available Elsewhere 2.940%
– Tennessee Non-Profit Organizations with Credit Available Elsewhere 1.875%
– Non-Profit Organizations in Tennessee without Credit Available Elsewhere 1.875%
Crockett County SBA Loan Interest Rates for Economic Injury:
– Businesses and Companies in Tennessee 2.940%
– Small Tennessee Agricultural Cooperatives without Credit Available Elsewhere 2.940%
– Tennessee Non-Profit Organizations without Credit Available Elsewhere 1.875%
Crockett County Business Owners, Schedule Your Free Disaster Loan Consultation Call for One-on-One Assistance for Your Company that was Affected by Severe Winter Storm in Crockett County, TN.
Crockett County, Tennessee Disaster Assistance from FEMA
If your Crockett County, Tennessee business was impacted by Severe Winter Storm, and is located in one of the communities approved for assistance from the Federal Emergency Management Agency (FEMA), you can apply for disaster assistance.
Check to see if Crockett County, Tennessee is approved by FEMA by visiting DisasterAssistance.gov or by calling 1-800-621-3362 between the hours of 7am to 11pm Eastern Standard Time (EST) seven days a week.
For other possible Crockett County, Tennessee disaster assistance resources, or to apply for assistance from FEMA, visit the official FEMA website.
Crockett County SBA EIDL Loan Relief vs. FEMA Assistance Facts for Tennessee
For Crockett County businesses in Tennessee, an SBA EIDL loan holds many benefits for recovering from the Severe Winter Storm that caused damage to your physical property and economic injury to your business on 2/3/2022 through 2/4/2022.
Will I be referred to the SBA after I apply with FEMA?
Yes it is possible. After you apply for disaster assistance from FEMA, you may be contacted by the SBA. If you are asked to submit an application for a low-interest SBA loan, you are encouraged to do so. Applying with the SBA assures that all available disaster assistance options remain open to you.
Will the SBA application be the basis of referrals to other grant programs?
Yes. Submitting the application makes it possible for you to be considered for additional grants. If you apply for an SBA low-interest disaster loan and are not eligible, this may open the door to additional assistance from FEMA. If SBA denies the loan application, you may be eligible for additional FEMA grant assistance to replace essential household items, replace or repair a damaged vehicle, cover storage expenses, or meet other disaster-related needs your Crockett County, Tennessee home or business has suffered.
Do I have to accept an SBA loan if I am approved?
No you do not. If the SBA determines you are eligible for a loan, you do not have to accept it. However, if you do qualify for an SBA loan and you choose not to accept it, additional resources may not be available to you for disaster recovery.
Do I have to choose between a FEMA or an SBA EIDL loan?
No. Qualifying for an SBA EIDL loan does not mean you are suddenly ineligible for FEMA assistance. There are several important reasons to complete and submit an SBA application, even if you think you don’t currently need a loan for your Crockett County, Tennessee home or business. For example, you may discover that you were underinsured for the amount of work required to repair or replace your home. An SBA low-interest disaster loan may bridge the gap between your recovery costs and the settlement amount.
Are SBA EIDL loans only meant for businesses?
No. Due to the Severe Winter Storm being a natural disaster, the SBA also offers loans for homeowners in Crockett County, Tennessee up to $200,000 to repair or replace your primary residence. The loans are customized to your personal financial circumstances. On a case-by-case basis, the SBA may be able to assist with the refinance of your current mortgages, in the case of a first mortgage, and / or a second mortgage.
The SBA can also help Crockett County, Tennessee renters and homeowners replace household contents, for example: clothing, furniture, appliances, and vehicles. This is referred to as personal property. Homeowners and renters are eligible for up to $40,000 (forty thousand dollars) to repair or replace damaged or destroyed personal property caused by Severe Winter Storm.
Are SBA loans available for businesses and nonprofits of any size?
Yes. Due to the Severe Winter Storm declared disaster, Crockett County, Tennessee businesses of all sizes and private nonprofit organizations may borrow up to $2 million (two million dollars) to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size in Crockett County, Tennessee, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.
Is there a deadline to apply for the Severe Winter Storm SBA low-interest loan?
Yes. The deadline to file applications for physical damage is 05/10/2022. The deadline to return economic injury applications is 12/12/2022. These deadlines may be slightly different depending on the county and state.
Population of Crockett County in Tennessee
Crockett County has a population of 13,979 residents (2021 Census figures), which is a change of 0.50% in population from the 2020 Census numbers. The State of Tennessee has a current total population of 6,975,218. This is a 0.90% change in the number of residents in TN.
The Federal Information Processing System (FIPS) Code for the State of Tennessee is 47000. The FIPS code for Crockett County, TN is 47033.
Crockett County Official Government Website in Tennessee
The official website for the Crockett County, TN government can be found here:
Check the Crockett County website for other possible disaster relief options for residents and businesses located in Crockett County, Tennessee.
Other Tennessee Counties Affected by the Severe Winter Storm Disaster
Besides Crockett County, other counties that were affected by Severe Winter Storm in Tennessee were:
Tennessee Primary Counties
Tennessee Cities Located in Crockett County
Alamo, Bells, Crockett Mills, Friendship, Fruitvale, Gadsden, Maury City.
Summary and Conclusion of the Severe Winter Storm Disaster in Crockett County, TN
To apply for financial assistance and relief due to your Crockett County, Tennessee business being financially damaged by severe winter storm on 2/3/2022 through 2/4/2022, there are important SBA deadlines for when you need to submit your new application, increase request, or reconsideration request.
For the Crockett County, Tennessee Declared Disaster Declaration #17370 and #17371, the loan application filing deadline for physical damage is 05/10/2022. The economic injury disaster loan (EIDL) application filing deadline is 12/12/2022.
Crockett County Professional Disaster Assistance for Your Business in Tennessee
Was your Crockett County, TN business disrupted by the severe winter storm incident that occured on 2/3/2022 through 2/4/2022?
We can offer professional assistance to help your business file for a new SBA EIDL loan, an increase request or loan modification, or a reconsideration appeal if you were denied for an SBA EIDL loan for your business that was economically harmed by severe winter storm in Crockett County under Disaster Number TN-00135 that was declared on 3/11/2022 through Disaster Declaration #17370 and #17371.
Business Owners Located in Crockett County, Tennessee:
Schedule Your Free Disaster Loan Consultation Call for Help in Financially Recovering from the Severe Winter Storm That May Have Damaged Your Business in Crockett County, TN.
Cover Image Credit: 123RF.com / Justoomm / Disaster Loan Advisors.