Disaster-assistance loans from the U.S. Small Business Administration are available for losses sustained in the flash flooding that damaged parts of Halifax and Northampton counties on Aug. 25, the governors office announced Wednesday.
An outreach center will open Friday at a senior citizens center in Roanoke Rapids, through Sept. 13. Loans of up to $200,000 are available to homeowners to repair and replace land, and homeowners and renters can apply for loans of up to $40,000 for personal property.
Businesses and nonprofit groups can borrow up to $2 million for damage. Interest rates are exceedingly low.
The storms flooded dozens of roads and more than 75 homes and businesses. It closed a portion of Interstate 95, and sent more than 50 people to shelters. No one was killed or suffered life-threatening injuries, the governors office reported.
The amount of damage, however, was not enough to trigger the release of Federal Emergency Management Agency funds. The SBA loans were made available after Gov. Bev Perdue declared a disaster and asked for the financial help.