Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses and PNPs providing non-critical services of a governmental nature impacted by financial losses directly related to the disaster. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
SBA Relief Still Available to South Carolina Small Businesses and Private Nonprofits Affected by Severe Storms and Flooding
Rebecca Collett • September 22, 2025
The deadline to apply for economic injury loans is fast approaching.
WASHINGTON – The U.S. Small Business Administration (SBA) is reminding small businesses
and most private nonprofit organizations in South Carolina of the Oct. 22 deadline to apply
for low interest federal disaster loans to offset economic losses caused by severe storms and
flooding on Nov. 6 -14, 2024.
The disaster declaration covers the South Carolina counties of Aiken, Bamberg, Barnwell,
Berkeley, Calhoun, Clarendon, Colleton, Dorchester, Lexington and Orangeburg.
EIDLs are available for working capital needs caused by the disaster and are available even if
the Small Business or PNP did not suffer any physical damage. The loans may be used to pay
fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
“SBA loans help eligible small businesses and private nonprofits cover operating expenses
after a disaster, which is crucial for their recovery,” said Chris Stallings, associate
administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not
only help business owners get back on their feet but also play a key role in sustaining local
economies in the aftermath of a disaster.”
The loan amount can be up to $2 million with interest rates of 4% for small businesses and
3.625% for private nonprofit organizations, and terms up to 30 years. The SBA determines
eligibility based on the size of the applicant, type of activity and its financial resources. Loan
amounts and terms are set by the SBA and are based on each applicant’s financial condition.
These working capital loans may be used to pay fixed debts, payroll, accounts payable, and
other bills not paid due to a disaster.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center
at (800) 659-2955 or email [email protected] for more information on SBA
disaster assistance. For people who are deaf, hard of hearing, or have a speech disability,
please dial 7-1-1 to access telecommunications relay services.
The deadline to return economic injury applications is Oct. 22, 2025. However, after the deadline has passed, there is a 60-day grace period in which SBA will accept applications.
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 federa 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.
$15.6 million investment to create 167 new jobs
This year’s magazine is packed with stories celebrating the businesses, people and places that make our community such a special place to live, work and visit.
Baker returns to Summerville Hospital after previously serving as CEO in 2022 through 2024.
FREE COMMUNITY MASTERCLASS
Wagers will oversee membership services while working closely with Chamber investors.
This Event is Open to the Public!
Ellis returns as a Manager with Benni Agency.
Founded in 2016, Detail Diamonds began with a simple vision: to provide exceptional automotive care while creating meaningful relationships with every client served.
These students have demonstrated exceptional dedication to academics, leadership, and service as they prepare for bright futures.
Yonker brings more than ten years of experience in human resources and business leadership to the role.
