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Presidential Declaration of a Major Disaster for the Commonwealth of Virginia

89 Fed. Reg. 81978 (Oct. 9, 2024)

Presidential Declaration of a Major Disaster for the Commonwealth of Virginia

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Federal RegisterOct 9, 2024
89 Fed. Reg. 81978 (Oct. 9, 2024)
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    Small Business Administration
  • [Disaster Declaration #20705 and #20706; VIRGINIA Disaster Number VA-20011]

    • AGENCY:

    U.S. Small Business Administration.

    ACTION:

    Notice.

    SUMMARY:

    This is a Notice of the Presidential declaration of a major disaster for the Commonwealth of Virginia (FEMA-4831-DR), dated October 1, 2024.

    DATES:

    Issued on October 1, 2024.

    Physical Loan Application Deadline Date: December 2, 2024.

    Economic Injury (EIDL) Loan Application Deadline Date: July 1, 2025.

    ADDRESSES:

    Visit the MySBA Loan Portal at https://lending.sba.gov to apply for a disaster assistance loan.

    FOR FURTHER INFORMATION CONTACT:

    Alan Escobar, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.

    SUPPLEMENTARY INFORMATION:

    Notice is hereby given that as a result of the President's major disaster declaration on 10/01/2024, applications for disaster loans may be submitted online using the MySBA Loan Portal https://lending.sba.gov or other locally announced locations. Please contact the SBA disaster assistance customer service center by email at disastercustomerservice@sba.gov or by phone at 1-800-659-2955 for further assistance.

    Incident: Tropical Storm Helene.

    Incident Period: September 25, 2024 and continuing.

    The following areas have been determined to be adversely affected by the disaster:

    Primary Counties (Physical Damage and Economic Injury Loans): Giles, Grayson, Smyth, Tazewell, Washington, Wythe and the Independent City of Galax.

    Contiguous Counties (Economic Injury Loans Only):

    Virginia: Bland, Buchanan, Carroll, Craig, Montgomery, Pulaski, Russell, Scott and the Independent City of Bristol.

    North Carolina: Alleghany, Ashe, Surry.

    Tennessee: Johnson, Sullivan.

    West Virginia: McDowell, Mercer, Monroe, Summers.

    The Interest Rates are:

      Percent
    For Physical Damage:
    Homeowners with Credit Available Elsewhere 5.625
    Homeowners without Credit Available Elsewhere 2.813
    Businesses with Credit Available Elsewhere 8.000
    Businesses without Credit Available Elsewhere 4.000
    Non-Profit Organizations with Credit Available Elsewhere 3.250
    Non-Profit Organizations without Credit Available Elsewhere 3.250
    For Economic Injury:
    Business and Small Agricultural Cooperatives without Credit Available Elsewhere 4.000
    Non-Profit Organizations without Credit Available Elsewhere 3.250