SBA offering federal funding to those affected by December tornadoes

JACKSON, Tenn. — The U.S. Small Business Administration has federal funding to distribute to local communities affected by the December 9, 2023 tornadoes.

A home destroyed along Britton Springs Road on Sunday, Dec. 10, 2023, Clarksville, Tenn. Tornados caused catastrophic damage in Middle Tennessee Saturday afternoon and evening. (AP Photo/Mark Zaleski)

There is a physical damage loan available to businesses, nonprofits, homeowners and renters in counties declared most affected.

This includes Cheatham, Davidson, Dickson, Gibson, Montgomery, Stewart and Sumner counties.

The deadline for the physical damage loan was February 12, but there’s a 15-day grace period, so you can still apply.

Adjacent counties that don’t qualify for the physical damage loan may qualify for the economic injury disaster loan.

“The economic injury disaster loan — that loan covers working capital for small businesses, agricultural cooperatives, businesses engaged in agriculture and nonprofits of all sizes,” said Timothy Watson, Public Affairs with the U.S. Small Business Administration.

These loans provide assistance throughout the disaster recovery period.

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