Special Low Interest Loans are now available for businesses impacted by the Christmas morning blast that occurred on 2nd Avenue in downtown Nashville. Many may assume that the only businesses eligible for an SBA Economic Injury Disaster are businesses in the immediate area of the bomb site, but that is incorrect.
Businesses in Davidson County, along with all of counties that surround Nashville - are eligible to receive this SBA loan.
That was Julie Garrett with the Small Business Administration.
As far as how much can be borrowed and the temrs of payback...
There is also a one year payment deferment, so your first payment would be due 12 months after loan approval.
Businesses can apply for a loan by visiting “DisasterLoan.SBA.gov” or learn more by calling 1-800-659-2955.
BELOW, Hear More Details about the SBA Loan (2min 22sec):