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.
The Tri-Community Center is Home Telecom’s first FRS Community Grant recipient.
This year’s program is open to all graduating seniors across the Lowcountry
This achievement places the Chamber among an elite group of organizations nationwide. With only 197 chambers holding Accredited status
Production on the 2026 magazine are now underway
Lowe’s Partners with Local Habitat Affiliates to Bring the Fifth Playhouse Project to the Lowcountry
Bringing Holiday Cheer to Children in the Lowcountry
Recognition honors service to construction community at Excellence in Construction Awards Gala in Charlotte
Three Big Events Coming Up!
Know an Extraordinary Woman?
Local office, local technicians, and a history of innovation – Home Telecom keeps Daniel Island connected for work, play and everything in between
Join us for the Ireland Informational Session on November 19
