Presidential Declaration Amendment of a Major Disaster for the State of North Carolina
Published Date: 1/7/2025
Notice
Summary
North Carolina’s disaster declaration for Tropical Storm Helene just got an upgrade! The deadline to apply for physical damage loans is now extended to February 6, 2025, giving folks more time to get help. Economic injury loan applications are open until June 30, 2025, so businesses have plenty of runway to recover and rebuild.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Physical Damage Loan Deadline Extended
If you in North Carolina had physical damage from Tropical Storm Helene, you now have until February 6, 2025 to apply for SBA disaster physical damage loans. You can apply through the MySBA Loan Portal at https://lending.sba.gov.
Economic Injury (EIDL) Deadline Set
If you own or run a small business in North Carolina affected by Tropical Storm Helene, you can apply for Economic Injury Disaster Loans (EIDL) until June 30, 2025. Apply through the MySBA Loan Portal at https://lending.sba.gov.
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