Wilmington flood victims eligible for financial aid

Posted by Debra Worley - email

WILMINGTON, NC (WECT) - Residents who were affected by the flooding earlier this month are getting the opportunity to receive some financial aid.

The United States Small Business Administration (SBA) is offering disaster assistance to homeowners, renters, and businesses of all sizes affected by severe storms that rolled through the area July 6.

Eligible homeowners can receive loans up to $200,000 to repair or replace damaged or destroyed real estate.  Homeowners and renters can receive loans up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

For small businesses and most private, not-profit organizations of all sizes, the SBA office Economic Injury Loans( EIDL's) to help meet working capital needs caused by the disaster.

"It's geared to help people replace their damages or replace them," said Jimmy Murray with the SBA.  "It's a help that a lot of folks will need if they can't replace them with their own funds."

The SBA has opened a center in room 107 of Leutze Hall on the campus of UNCW.  It will be open Thursday from 8:00 AM - 5:00 PM; Friday from 8:00 AM - noon.

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