The U.S. Small Business Administration has issued Amendment 11, updating the Presidential disaster declaration for Georgia due to Hurricane Helene. This amendment extends the deadline for physical damage loan applications to February 7, 2025, while the deadline for economic injury loan applications remains June 30, 2025. The disaster declaration initially covered the period from September 24 to October 30, 2024. Applications for disaster assistance loans can be submitted online through the MySBA Loan Portal.
Simple Explanation
The Small Business Administration has updated its rules for people in Georgia who were affected by Hurricane Helene. Now, they have extra time until February 7, 2025, to ask for money to fix their homes or businesses, but they still have until June 30, 2025, to ask for help if their business was hurt by the storm.