SBA to Open Sandy Office to Help Eastern Shore of Va. Residents - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

SBA to Open Sandy Office to Help Eastern Shore of Va. Residents

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MELFA, Va. (AP)- The U.S. Small Business Administration is offering low-interest disaster loans to Accomack County businesses and individuals who didn't seek help following Hurricane Sandy in October 2012.
    
Officials estimate that more than 240 homes were damaged in that Eastern Shore county during Sandy, which lashed the region with high winds and more than 8 inches of rain. Most of those damages were not covered by insurance.
    
Monday, the SBA will open an outreach center in Melfa. Representatives will staff the center through Friday to answer any questions.
    
Businesses and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
    
Loans up to $200,000 are available to homeowners. Renters can also seek loans.

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