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.
Business and community leaders unite to discuss the policies shaping our region’s economic future.
TriCounty Link is conducting a Transit Study
Free Parking for the Event!
Five Year Review!
Book Distributor Winding Down Operations
Warmth for Heroes
Perfect time for Chamber members—especially in real estate or home improvement—to bring clients and prospects.
We are excited to invite you to complete a survey that will reveal which tools employers most desire when recruiting and retaining talent. South Carolina is developing a new statewide education and workforce portal—a centralized platform to help employers connect with talent, training resources, and workforce development partners. Your input is critical in shaping the features of this portal to best meet the needs of businesses like yours. This survey will help us identify the most valuable features for employers and how the portal can complement or enhance your existing tools. Your feedback will directly influence the development and prioritization of key features. The survey is open and will close by EOB on Monday, November 10, 2025 . It should take approximately five (5) minutes to complete. SURVEY CAN BE FOUND HERE: Employer/Industry Association Survey Once you’ve completed the survey, we encourage you to share the link with others who may also be interested in providing feedback.
Participation is free!
