SBA provides disaster loans for August severe storms

Jay FitzFeature

The U.S. Small Business Administration (SBA) has made low-interest, long-term disaster loans available in Knox, Anderson, Blount, Grainger, Jefferson, Loudon, Roane, Sevier, and Union counties in response to severe weather on Aug. 7, 2023.

Homeowners, renters, businesses and nonprofits may apply for SBA disaster loans. Loans may be used for uninsured losses (personal or business) or business operating expenses that could have been met had the disaster not occurred. Applicants must have a credit history acceptable to the SBA as well as the ability to repay all loans.

The SBA will open a Disaster Loan Outreach Center at the Cedar Bluff branch of the Knox County Public Library (9045 Cross Park Drive, Knoxville) Nov. 7-17. SBA customer service representatives will be available at the outreach center to answer questions about the disaster loan program and to help individuals complete their applications.

Outreach center hours are:

  • Noon to 8 p.m. Tuesday, Nov. 7
  • 10 a.m. to 8 p.m. Wednesday and Thursday, Nov. 8-9
  • Closed Friday, Nov. 10
  • 10 a.m. to 2 p.m. Saturday, Nov. 11
  • Closed Sunday, Nov. 12
  • 10 a.m. to 8 p.m. Monday through Thursday, Nov. 13-16, and
  • 10 a.m. to 4 p.m., Friday, Nov. 17.

Applicants may apply online here. Apply under SBA declaration # 20060. Applicants can also call the SBA’s Customer Service Center at 800-659-2955 to get disaster loan information and application forms.

Wendy Smith, Town of Farragut, provided information for this story


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