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SBA Disaster Assistance Available at Runaway Bay Event Center

Residents impacted by the recent storms may be eligible for assistance through the U.S. Small Business Administration (SBA) Disaster Recovery program.


SBA representatives are currently available Monday through Friday from 9:00 AM to 6:00 PM at the Runaway Bay Event Center, located at 513 Port O Call, to assist homeowners and renters throughout Wise County with disaster loan applications and answer questions about available recovery programs.


The Supply & Food Pantry is also currently operating at this location. Please note the pantry and supply distribution center will permanently close Friday at 6:00 PM.




Potential Assistance Includes:

  • Up to $500,000 for damage to a primary residence

  • Up to $100,000 for personal property losses, including vehicles

  • Low fixed interest rates

  • Repayment terms up to 30 years

  • No payments and no interest accrued during the first year

  • Assistance may be available for wind and hail damage, not just tornado-related damages

  • Eligible expenses may include roofing deductibles, vehicle deductibles, hail damage, interior/exterior home repairs, and personal property losses such as clothing, lawn equipment, and sheds

  • Qualified applicants may prepay loans during the first year without incurring interest costs

  • Interest rates for private individuals are currently as low as 2.875%

  • Unused approved funds may be returned, and repayment applies only to the amount actually used


Residents do not need to wait for insurance claims to be finalized before beginning the SBA application process.


For qualified applicants, SBA disaster loans currently offer no payments and no interest accrued during the first year. Residents approved for more funding than ultimately needed may also return unused portions of approved funds.


Items Typically Needed to Apply:

  • Government-issued ID

  • Recent federal income tax return

  • Contact information

  • Financial information

  • Insurance information, if available


For additional information or to begin an application online, visit:SBA Disaster Assistance Program

Please help share this information with neighbors and community members who may still be in need of assistance during recovery efforts.

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