Businesses in West Virginia, Kentucky can get disaster loans

HUNTINGTON, W.Va. (AP) — Certain small businesses in several West Virginia and Kentucky counties can apply for loans as a result of excessive moisture and cold temperatures during April and May.

The U.S. Small Business Administration announced the Working Capital Disaster Loans on Monday. They are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations.

The eligible counties are Cabell, Jackson, Mason, Wayne and Wood in West Virginia and Boyd and Greenup counties in Kentucky, the agency said in a news release. They are eligible because they are contiguous to one or more primary counties in Ohio.

The loans can be for up to $2 million with interest rates ranging from 2.75% to 3.75%.

To apply, use the electronic loan application at disasterloan.sba.gov and apply under SBA declaration #16581, not for the COVID-19 incident. Information and forms are also available by calling (800) 659-2955. Applications are due by April 12.

Kassie Simmons
Kassie Simmons joined the team in January 2019 as a weekend journalist. She graduated from Virginia Tech in just two and a half years with a BA in multimedia journalism. During her short time at Virginia Tech, she served as the editor for the university’s chapter of The Tab. Kassie was named the top reporter for The Tab at Virginia Tech on multiple occasions and made the list for the top 30 reporters for The Tab in the U.S. She also studied theater performance and minored in creative writing. Before coming to WOAY, Kassie interned at WSLS in Roanoke and the Tidewater Review in her hometown of West Point, Va. She has loved following breaking news since her childhood and has a passion for delivering the stories people care most about. Kassie is excited to be working in Southern West Virginia and looks forward to all the adventures ahead of her. You can follow her on Twitter at @KassieLSimmons and like her page on Facebook. If you have a story you think she should check out, send her an email at ksimmons@woay.com.