The U.S. Small Business Administration issued a notice regarding the Presidential declaration of a major disaster in West Virginia due to severe storms and flooding that began on February 15, 2025, and continue to affect the area. Residents of McDowell, Mercer, Mingo, and Wyoming counties can apply for both physical damage and economic injury loans, while neighboring counties can apply for economic injury loans only. The deadline for physical loan applications is April 28, 2025, and the deadline for economic injury loan applications is November 26, 2025. Additional information and applications can be accessed through the MySBA Loan Portal.
Simple Explanation
In February 2025, a big storm hit some parts of West Virginia, causing floods and landslides. The U.S. government is helping by offering loans so people can fix their houses and businesses.