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North Carolinians can still apply for the SBA loan disaster relief program after deadline extension

A man walks near a flooded area near the Swannanoa river, effects from Hurricane Helene , Friday, Sept. 27, 2024, in Asheville, N.C.
Erik Verduzco
/
AP
File image of a man walking near a flooded area near the Swannanoa river on Sept. 27, 2024, in Asheville, N.C.

In October, the U.S. Small Business Administration's disaster loan program ran out of money. Now that Congress has restored the funds, applications are open again, and Sunday, April 27 is the new deadline to make up for the lost time, according to an SBA spokesperson.

Businesses and nonprofits are eligible to apply and could borrow up to $2 million for repairs or replacements for machinery and equipment.

Read the full story for free here.

Sharryse Piggott is WUNC’s PM Reporter.