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1220 W College St, Murfreesboro, TN 37129 • Phone: (615) 898-7764 • Fax: (615) 898-7640

SBA Virtual Disaster Loan Outreach

Tennessee businesses and residents affected by the explosion in Nashville on Dec. 25, 2020, can apply for low-interest disaster loans from the U.S. Small Business Administration, Acting SBA Administrator Tami Perriello announced today. The declaration covers Davidson County and the adjacent counties of Cheatham, Robertson, Rutherford, Sumner, Williamson, and Wilson in Tennessee.

SBA Low Interest Federal Loans for Disaster Related Damages

PHYSICAL DAMAGES:
Businesses of all sizes and nonprofits (Real Estate, Inventory, Equipment,etc.)

ECONOMIC INJURY:
Small businesses and nonprofits (working capital, no physical damages needed to apply) Interest rates as low as: 3 % for businesses, 2 % nonprofit organizations. Max. loan, $2 million

HOMEOWNERS:
Up to $200,000 for Primary Residence

HOMEOWNERS/RENTERS:
Up to $40,000 for Personal Property Interest rates as low as 1.125 % All loans have repayment terms up to 30 years.

For businesses/homeowners, mitigation is available up to 20% of SBA’s verified physical damage amount

Learn More

SBA Offers Disaster Assistance to Businesses and Residents of Tennessee Affected by the Dec. 25 Explosion

Factsheet

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