RALEIGH – Today, the U.S. Small Business Administration granted Gov. Roy Cooper’s request for a disaster declaration for small businesses suffering economic losses due to the novel coronavirus (COVID-19).
The SBA’s declaration allows affected small business across the state to apply for low interest SBA disaster loans. Cooper waited a week after declaring a state of emergency to formally ask for the disaster declaration.
“Many small businesses are desperate right now and this SBA approval will help,” said Governor Cooper. “Even more is needed and we will continue to push for additional assistance while we work to protect the health of North Carolinians.”
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov.