Disaster press release 23-155, SC 17711/17712

SBA Disaster Loan Deadline is Jan. 20 for South Carolina Businesses and Residents Affected by Hurricane Ian

ATLANTA – The U.S. Small Business Administration (SBA) encourages businesses of all sizes, private nonprofit organizations, homeowners and renters in South Carolina to apply for a disaster loan before the Jan. 20 deadline. Anyone in the declared counties who incurred damage caused by Hurricane Ian from Sept. 25 to Oct. 4, 2022 should apply for the federal disaster loan program.

The disaster declaration covers Charleston, Georgetown and Horry Counties in South Carolina, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Berkeley, Colleton, Dillon, Dorchester, Marion and Williamsburg in South Carolina; and Brunswick, Columbus and Robeson in North Carolina.  

SBA Customer Service Representatives will be available at the Business Recovery Center as indicated below to answer questions about the disaster loan program and assist business owners in completing their applications.

SBA Business Recovery Center 

Georgetown County 

Litchfield Exchange 
14361 Ocean Hwy 
Pawleys Island, SC  29585 

Hours:       Monday – Friday, 9 a.m. to 6 p.m.
                      Saturday, 9 a.m. to noon
Closed:      Sunday

Holiday Closure:
Saturday, Dec. 24 – Monday, Dec. 26
Saturday, Dec. 31 – Monday, Jan. 2

Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the BRC are encouraged to wear a face mask.

Interest rates are as low as 3.04 percent for businesses, 1.875 percent for nonprofit organizations, and 2.188 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. 

Building back smarter and stronger can be an effective recovery tool for future disasters. Applicants may be eligible for a loan amount increase of up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, elevation, retaining walls, and landscaping to help protect property and occupants from future damage caused by a similar disaster. 

To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.  

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/,  and should apply under SBA declaration # 17711.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or by sending an email to DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website at sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The physical loan application deadline is Jan. 20, 2022. The deadline to return economic injury applications is Aug. 21, 2023


About the U.S. Small Business Administration 

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

Related programs: Disaster