Deadline Looms in West Virginia to Seek Storm Loans

Time is running out for residents, businesses and nonprofits to apply for federal disaster loans to recover from severe storms in June.

The U.S. Small Business Administration is making the loans available for physical property damage in Calhoun, Clay, Jackson, Kanawha, Roane and Wirt counties.

The SBA said Thursday that the deadline to apply for loans is Oct. 28.

Loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. The SBA also is offering loans of up to $40,000 to homeowners and renters to repair or replace personal property.

Loans of up to $2 million are available to businesses and nonprofits to repair or replace business assets such as real estate, inventory and equipment.