DARE COUNTY, NC -- Applications will be taken beginning Wednesday for residents and businesses in Dare, Currituck, Hyde and Tyrrell counties that had property damage from Hurricane Sandy.
Hurricane Sandy damaged dozens of homes and businesses in Dare County when it passed the coastline October 27-30.
Federal damage assessment teams determined that Dare was the only county that met the threshold for a SBA disaster declaration. However, SBA policy enables residents and business owners in contiguous counties to also apply for financial assistance from the federal agency
"Many along our coast have spent the past year recovering from Hurricane Irene only to be impacted by Hurricane Sandy," Gov. Bev Perdue said. "They need our help to recover and this funding will help do just that."
The U.S. Small Business Administration Disaster Loan Outreach Center will be at the Thomas Baum Senior Center in Kill Devil Hills from November 14-19. Workers will help people complete their applications, answer questions about the disaster loan program and explain the application process.
Thomas Baum Senior Center
300 Mustian St.
Weekdays: 8:30 a.m. to 5:00 p.m.
Saturday: 10:00 a.m. to 2:00 p.m.
Loans up to $200,000 are available to repair or replace damaged or destroyed real estate. Homeowners and renters are also eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Storm victims in Dare County who don't qualify for a federal loan may be eligible for a state grant of up to a maximum of $30,400 to help pay for housing and other essential needs. These grants were made available as a result of the Governor's disaster declaration for Dare County.
If you can't make it to the center, you can apply by phone or online. The SBA Customer Service Center is 1-800-659-2955 (800-877-8339 for the deaf and hard-of-hearing).