SBA Provides Disaster Assistance To Businesses And Residents In Tennessee Affected By Dec. 25 Explosion
WASHINGTON – Businesses and residents of Tennessee affected by explosion in Nashville on December 25
2020, can apply for low interest disaster loans from US Small Business Administration, Acting SBA
Administrator Tami Perriello announced today.
Administrator Perriello made the loans available in response to letter from Tennessee
Governor Bill Lee on January 22, requesting a declaration of disaster by the SBA. The statement covers Davidson
County and adjacent counties of Cheatham, Robertson, Rutherford, Sumner, Williamson and
Wilson in Tennessee.
“The SBA is firmly committed to providing the people of Tennessee with the most effective and efficient services
customer-centric response possible to help businesses of all sizes, landlords and tenants with
federal disaster loans, ”Perriello said. “Make businesses and communities operational after a
disaster is our top priority at SBA.
In accordance with health precautions for Coronavirus (COVID-19), SBA will not establish land
presence to help survivors. However, the SBA will continue to provide customer service and conduct
Virtual outreach with webinars, phone support and step-by-step assistance for inquiries. ASB
opened a virtual disaster loan assistance center to help survivors apply online using the Electronic Disaster Loan
Apply for a loan through the SBA’s secure website at [email protected]
Virtual customer support representatives are available to help applicants complete the online application during these hours:
Virtual Disaster Loan Assistance Center (VDLOC)
Open: Monday to Sunday (7 days / week)
Hours: 8 a.m. to 8 p.m. Eastern Time
Email: [email protected]
Telephone: (800) 659-2955
Survivors should contact the SBA Disaster Customer Service Center at (800) 659-2955 for assistance
complete their loan applications. Inquiries about the SBA Disaster Loan Program can be
obtained by emailing [email protected] The SBA will conduct a broad awareness campaign to ensure that
people affected by the disaster have the opportunity to ask for help.
“Businesses and private nonprofits can borrow up to $ 2 million to repair or replace
property, machinery and equipment, inventory and other activities damaged or destroyed by a disaster
assets, ”said SBA Tennessee District Manager LaTanya Channel.
For small businesses, small agricultural cooperatives, small aquaculture businesses and
Most private nonprofit organizations, the SBA offers economic disaster loans to help meet
working capital requirements caused by the disaster. Economic disaster disaster assistance is available
regardless of whether or not the business suffered material damage.
“Loans of up to $ 200,000 are available for homeowners to repair or replace damaged or destroyed real estate.
domain. Homeowners and tenants are eligible for loans of up to $ 40,000 to repair or replace
destroyed personal property, ”Kem Fleming, director of the SBA’s Field Operations Center East, told
Applicants may be eligible for an increase in the loan amount up to 20 percent of their physical damage because
verified by SBA for mitigation. Qualifying mitigation upgrades may include a security room
or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants
future damage caused by a similar disaster.
Interest rates are as low as 3% for businesses, 2% for nonprofits and
1.125 percent for owners and tenants, with terms of up to 30 years. The amount and conditions of the loan are fixed
by the SBA and are based on each applicant’s financial situation.
Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at
Businesses and individuals can also obtain information and loan applications by calling the SBA.
Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing), or by
by sending an email to [email protected] Loan applications can also be downloaded from sba.gov/disaster.
Completed applications should be sent to: US Small Business Administration,
Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline for returning property damage claims is March 29, 2021. The
deadline for returning claims for economic damage October 28, 2021.