SBA is providing disaster relief to businesses and residents of Monongalia Co. affected by the July floods


MORGANTOWN, W.Va. West Virginia businesses and residents affected by the July 29, 2021 flood can apply for low-interest catastrophe loans from the US Small Business Administration, SBA Administrator Isabella Casillas Guzman said today.

According to the Morgantown Area Partnership, Administrator Guzman made the loans available in response to a letter from West Virginia Governor Jim Justice dated September 22, 2021 requesting an SBA disaster declaration. Companies and residents in the designated area can now apply for low-interest catastrophe loans from the SBA.

The declaration includes Monongalia County and the adjacent Marion, Preston, Taylor, and Wetzel Counties in West Virginia; and Fayette and Greene in Pennsylvania.

“SBA’s mission-oriented team is ready to serve the small businesses and residents of Monongalia County affected by the floods,” said Administrator Guzman. “We strive to deliver federal disaster credit quickly and efficiently, with a customer-centric approach to helping businesses and communities recover and rebuild.”

Shorty Anderson’s business, A Monongalia Co., was hit by the July floods

To assist businesses and residents affected by the disaster, the SBA will open a Disaster Loan Outreach Center (DLOC) in Monongalia County on Tuesday, October 5th at 11 a.m., as stated below:

SBA Disaster Loan Outreach Center (DLOC)
Monongalia county
Morgantown Mall
9500 Mall Road – Suite 609
Morgantown, WV 26501
Opening: Tuesday, October 5th, 11 a.m. – 6 p.m.
Opening times: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, October 9th, 10 am-2pm
Closed on sundays
Permanently closed: Thursday, October 14th. at 16 o’clock

Customer service representatives will be available at DLOC to answer questions about the Disaster Loan Program and assist individuals with completing their applications. Due to the ongoing COVID-19 pandemic, the SBA has created logs to protect the health and safety of the public. All DLOC visitors are required to wear a face mask.

“Corporations and private nonprofits can borrow up to $ 2 million to repair or replace disaster-damaged or destroyed property, machinery and equipment, inventory and other business goods,” said Karen Friel, SBA district director in West Virginia .
For small businesses, small agricultural cooperatives, small businesses involved in aquaculture, and most private nonprofits, the SBA offers Economic Injury Disaster Loans (EIDL) to meet the working capital needs caused by the disaster. EIDL loan assistance is available regardless of whether the company has suffered any property damage.

SBA logo

“Loans of up to $ 200,000 are available to homeowners to repair or replace property that has been damaged or destroyed. Homeowners and renters are eligible for loans of up to $ 40,000 to repair or replace damaged or destroyed personal property, ”said Kem Fleming, director of SBA’s Field Operations Center East in Atlanta.

Applicants may be eligible for a loan amount increase of up to 20 percent of their physical damage verified by the SBA for damage control purposes. Eligible mitigation enhancements may include a safe room or storm barrier, sump pump, French drain, or retaining wall to protect property and residents from future damage from a similar disaster.

The interest rates are just 2.855 percent for businesses, 2 percent for nonprofits, and 1.563 percent for homeowners and tenants with terms of up to 30 years. Loan amounts and terms are determined by the SBA and are based on the financial situation of each applicant.

Applicants can apply online using the Electronic Loan Application (ELA) through SBA’s secure website and should apply using SBA Declaration # 17198, not for the COVID-19 incident.

Information and application forms for disaster loans can also be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard of hearing) or by emailing [email protected]

Loan applications can be submitted at downloaded

Completed applications should be returned to the center or mailed to the US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline for returning claims for property damage is November 29, 2021. The deadline for returning claims for economic damage is June 29, 2022.

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