Not only has the damage to the McTeer Bridge caused a lot of traffic issues, but it's also hurting local businesses in the area. Now the Small Business Administration is stepping in to help those businesses affected by offering loan assistance local chamber officials say may help.
If enough businesses in the area are losing enough revenue, the state Small Business Administration can declare a disaster due to the bridge incident, and local businesses can qualify for SBA loans. Here's the release from the Beaufort County Emergency Management Division:
BEAUFORT, S.C. (10:30 AM, May 15. 2007) - POTENTIAL SBA LOAN APPLICATIONS AVAILABLE FOR LOCAL BUSINESSES....
According to the South Carolina Emergency Management Division in Columbia, Small Business Administration (SBA) applications are now available to local businesses affected by the/McTaeTBridge Incident.
In order to qualify for the loans, the SBA must issue a Disaster Declaration as a result of the bridge incident. The first step in this process is to determine what businesses have been impacted and the amount of economic injury they have sustained.
There must be a minimum of five (5) businesses that have sustained loss of revenue of approximately 40 percent based on the same period last year in order to request a declaration.
Businesses interested in obtaining a loan application may get them in the following manner:
• They are also available at City Hall In the City of Beaufort and Town Mall in the Town of Port Royal.
- Pick them up in person at 2001 Duke Street (2nd floor of the Law Enforcement Center)
- Call 470-3100 to have them mailed or faxed
Once completed, the forms should be returned to the Beaufort County Emergency Management Division as soon as possible. They can be:
- Returned in person
- Faxed to 470-3054
- Mailed to Beaufort County Emergency Management, P.O. Drawer 1228, Beaufort, S.C, 29901
Anyone having questions or concerns may call the Beaufort County Emergency Management Division at 470-3100.
The Beaufort County Sheriff's Office is asking for the public's help identifying a suspect from a February 21 incident where a female walked out of Color Me Nail Spa at 1519 Main Street in Hilton Head without paying.More >>
People will salute our area military this weekend at Marine Corps Air Station Beaufort during the big air show.More >>
We talk a lot here about the impact our local military installations have on our community, and most recently numbers reveal our armed forces have a huge impact on those living in the Lowcountry too.More >>
One year ago, WTOC brought you an unprecedented look inside Georgia’s law enforcement training academy focusing on the massive effort of Savannah’s police chief to recruit, train and outfit hundreds of brand new officers.More >>
The Savannah-Chatham Metropolitan Police Department's Islands Precinct detectives are asking for the public's help locating a man who is wanted for questioning in an auto theft and a credit card fraud case.More >>