Washington, D.C. – The U.S. Small Business Administration (SBA) agreed to provide emergency, low-interest loans to local businesses that have been economically harmed by the massive rock slide that closed Interstate 40, Congressman Heath Shuler (D-Waynesville) said Wednesday.
“The shutdown of I-40 has hurt many Western North Carolina businesses, especially those in the industries of tourism and transportation,” said Congressman Shuler. “These emergency loans could assist some Haywood County businesses that been struggling financially since the slide.”
The SBA’s Economic Injury Disaster Loan program provides assistance to companies when hurricanes, landslides and other natural disasters have affected their ability to remain financially viable. Businesses in Haywood, Buncombe, Henderson, Jackson, Madison, Swain and Transylvania counties that suffered economic losses as a result of the I-40 closure may qualify for help.
The massive October 25th rock slide is expected to shut down I-40 for months while crews work to remove debris. I-40 serves as a vital transportation and commerce thoroughfare for the states of North Carolina and Tennessee with about 25,000 vehicles a day traveling the section of interstate that is closed. This includes about 10,000 tractor trailers that carry goods throughout the region.
Interested business owners from the affected counties can meet with SBA representatives the first week in December at Disaster Assistance Centers in Clyde and Asheville. The Clyde center will operate from 8 a.m. until 5 p.m. from Dec.1-4 at the Clyde Town Hall, located at 8437 Carolina Blvd. The Asheville center will operate from 8 a.m. until 5 p.m. from Dec 7-10 at the Buncombe County Emergency Services Center, located at 164 Erwin Hills Rd.
Business owners can also call SBA’s national Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing-impaired) Monday through Friday from 8 a.m. to 9 p.m. and Saturday from 9 a.m. to 5:30 p.m.
Small businesses, small agriculture cooperatives and most non-profit organizations affected by the disaster will need to submit to the Small Business Administration:
• a completed SBA Disaster Loan Application (form 5), and
• IRS Tax Information Authorization (Form 8821).
Additional information that may be submitted at a later date includes:
• Most recent three years Federal income Tax Returns
• Monthly sales
• Current personal financial statement
• Balance sheet
• Profit and loss statement
For more information on Economic Injury Disaster Loans, go to http://www.sba.gov/services/disasterassistance/businessesofallsizes/economicinjuryloans/index.html.
For an online loan application, go to: http://www.sba.gov/services/disasterassistance/businessesofallsizes/applyforloan/index.html.



