The Greater Memphis Chamber of Commerce recently sent out the following reminder to all area businesses, who may have had some impact by the flooding.
The U.S Small Business Administration is concerned about the low number of applications that have been returned for disaster recovery assistance from the recent floods and tornadoes. Out of 376 businesses that made contact with FEMA, only 29 have turned in an SBA application to receive low interest loan assistance @ 4% interest for physical damage and/or economic impact damage.
Please encourage any business that you know of that has been affected in any way by the recent floods to download an application from sba.gov. The deadline of June 30 is fast approaching.
P.S. Even businesses outside of Shelby County who did not sustain any physical damage are eligible for Economic Impact low-interest loans.