Over $350M in SBA relief approved to help NC rebuild after Hurricane Helene
CHARLOTTE, N.C. (QUEEN CITY NEWS) — The U.S. Small Business Administration has approved more than $350 million in federal disaster loans to support North Carolina businesses, nonprofits, homeowners and renters affected by Hurricane Helene occurring on Sept. 25 through Dec. 28, 2024.
As of April 17, 2025, the SBA has provided over $205 million to businesses/EIDL and over $144 million to residents in the wake of this disaster.
'Surpassing $348 million in disaster loans reflects more than just numbers — it represents small businesses reopening, families returning home and communities rebuilding stronger,' said Chris Stallings, associate administrator for the SBA's Office of Disaster Recovery and Resilience. 'These loans provide vital support for recovery, and we encourage anyone still in need to apply before the deadline.'
SBA has reopened and extended the physical damage loan applications. The Economic Injury Disaster Loan program is still available to small businesses and private nonprofit organizations for working capital needs caused by the disaster.
EIDLs are available regardless of whether the organization suffered any physical property damage and may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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