Effingham County, Georgia businesses and residents were affected by severe storms and tornadoes on 4/5/2022 through 4/6/2022. The Small Business Administration (SBA) is offering financial disaster assistance for Effingham County, Georgia businesses that suffered physical damage or economic injury and loss to their GA business operations located in Effingham County.
SBA Loan Deadlines for the Effingham County, Georgia Declared Disaster Declaration #17418 and #17419
– Physical Damage Loan Application filing deadline is 06/21/2022.
– Economic Injury Disaster Loan (EIDL) Application filing deadline is 01/23/2023.
– Read the official SBA disaster declaration for Effingham County here.
Business Owners in Effingham 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 Effingham County Georgia.
Severe Storms and Tornadoes Incident in Effingham County GA
On 4/5/2022 through 4/6/2022, a Severe Storms and Tornadoes bad weather incident caused damage in areas of Georgia. Disaster Number GA-00137 was declared on 4/22/2022 as an official disaster area through Disaster Declaration #17418 and #17419 due to Severe Storms and Tornadoes.
Effingham County, Georgia Cities and Towns Affected by Severe Storms and Tornadoes
Here is a list of all the Effingham County, Georgia cities, towns, parishes, and municipalities affected by the Severe Storms and Tornadoes that occurred 4/5/2022 through 4/6/2022:
Clyo, Eden, Guyton, Meldrim, Rincon, Springfield.
In Effingham County, Georgia, 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 Effingham County, Georgia, that were affected by the declared disaster number GA-00137.
The SBA also provides eligible Effingham County, Georgia small businesses and nonprofit organizations with working capital to help overcome the economic injury of the declared disaster in Effingham County, Georgia.
To apply for financial assistance from the SBA for your business that was affected by Severe Storms and Tornadoes in Effingham County, visit the official SBA Disaster Loan Assistance website.
Physical Damage to Your Effingham County Business Property
Effingham County, Georgia 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 Effingham County, Georgia 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 Effingham County, Georgia.
Economic Injury to Your Effingham County Business Operations in Georgia
For Effingham 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 Effingham County, Georgia Disaster Loans
Interest rates for Effingham County, Georgia 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 Georgia.
Effingham County SBA Loan Interest Rates for Physical Damage:
– Georgia Businesses with Credit Available Elsewhere 5.880%
– Businesses in Georgia without Credit Available Elsewhere 2.940%
– Georgia Non-Profit Organizations with Credit Available Elsewhere 1.875%
– Non-Profit Organizations in Georgia without Credit Available Elsewhere 1.875%
Effingham County SBA Loan Interest Rates for Economic Injury:
– Businesses and Companies in Georgia 2.940%
– Small Georgia Agricultural Cooperatives without Credit Available Elsewhere 2.940%
– Georgia Non-Profit Organizations without Credit Available Elsewhere 1.875%
Effingham County Business Owners, Schedule Your Free Disaster Loan Consultation Call for One-on-One Assistance for Your Company that was Affected by Severe Storms and Tornadoes in Effingham County, GA.
Effingham County, Georgia Disaster Assistance from FEMA
If your Effingham County, Georgia business was impacted by Severe Storms and Tornadoes, 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 Effingham County, Georgia 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 Effingham County, Georgia disaster assistance resources, or to apply for assistance from FEMA, visit the official FEMA website.
Effingham County SBA EIDL Loan Relief vs. FEMA Assistance Facts for Georgia
For Effingham County businesses in Georgia, an SBA EIDL loan holds many benefits for recovering from the Severe Storms and Tornadoes that caused damage to your physical property and economic injury to your business on 4/5/2022 through 4/6/2022.
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 Effingham County, Georgia 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 Effingham County, Georgia 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 Storms and Tornadoes being a natural disaster, the SBA also offers loans for homeowners in Effingham County, Georgia 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 Effingham County, Georgia 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 Storms and Tornadoes.
Are SBA loans available for businesses and nonprofits of any size?
Yes. Due to the Severe Storms and Tornadoes declared disaster, Effingham County, Georgia 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 Effingham County, Georgia, 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 Storms and Tornadoes SBA low-interest loan?
Yes. The deadline to file applications for physical damage is 06/21/2022. The deadline to return economic injury applications is 01/23/2023. These deadlines may be slightly different depending on the county and state.
Population of Effingham County in Georgia
Effingham County has a population of 66,741 residents (2021 Census figures), which is a change of 3.00% in population from the 2020 Census numbers. The State of Georgia has a current total population of 10,799,566. This is a 0.80% change in the number of residents in GA.
The Federal Information Processing System (FIPS) Code for the State of Georgia is 13000. The FIPS code for Effingham County, GA is 13103.
Effingham County Official Government Website in Georgia
The official website for the Effingham County, GA government can be found here:
https://www.effinghamcounty.org
Check the Effingham County website for other possible disaster relief options for residents and businesses located in Effingham County, Georgia.
Other Georgia Counties Affected by the Severe Storms and Tornadoes Disaster
Besides Effingham County, other counties that were affected by Severe Storms and Tornadoes in Georgia were:
Georgia Primary Counties
Georgia Contiguous Counties
Bulloch, Chatham, Effingham, Evans, Liberty.
Georgia Cities Located in Effingham County
Clyo, Eden, Guyton, Meldrim, Rincon, Springfield.
Summary and Conclusion of the Severe Storms and Tornadoes Disaster in Effingham County, GA
To apply for financial assistance and relief due to your Effingham County, Georgia business being financially damaged by severe storms and tornadoes on 4/5/2022 through 4/6/2022, there are important SBA deadlines for when you need to submit your new application, increase request, or reconsideration request.
For the Effingham County, Georgia Declared Disaster Declaration #17418 and #17419, the loan application filing deadline for physical damage is 06/21/2022. The economic injury disaster loan (EIDL) application filing deadline is 01/23/2023.
This is something you can possibly do yourself (DIY) by visiting the official government FEMA and SBA websites.
Effingham County Professional Disaster Assistance for Your Business in Georgia
Was your Effingham County, GA business disrupted by the severe storms and tornadoes incident that occured on 4/5/2022 through 4/6/2022?
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 storms and tornadoes in Effingham County under Disaster Number GA-00137 that was declared on 4/22/2022 through Disaster Declaration #17418 and #17419.
Business Owners Located in Effingham County, Georgia:
Schedule Your Free Disaster Loan Consultation Call for Help in Financially Recovering from the Severe Storms and Tornadoes That May Have Damaged Your Business in Effingham County, GA.
Cover Image Credit: 123RF.com / Mrtwister / Disaster Loan Advisors.