Orange County NC Website
!A, ' +.. - <br /> :_f_ ff 0 <br /> SBA packs <br /> Li r leaves- <br /> � <br /> By LEE WEISBECKER .. SBA <br /> L.Staff Writer 1;--1/6/77i Continued from Page A3 <br /> HILLSBOROUGH — Weekend : want people to understand, how- <br /> torms in the northeast have ever, that just because we're leav- <br /> )rompted loan processors from the ing the area doesn't mean we still <br /> federal Small Business Administra- won't accept applications from <br /> tion to leave tornado-battered Or- them. Victims can still apply.' <br /> nge County today, two days ear- <br /> _er than intended. However, in the wake of last <br /> And in their briefcases, they'll weekend's severe northeaster in <br /> ^arty only 13 local loan applica- : New England, these staffers are <br /> ons, dozens fewer than expected. ! now needed closer to home, Dil- <br /> "So far,we approved three loans <br /> in Orange County," said SBA worth said. <br /> pokesman David Dilworth. "One Hillsborough residents inter- <br /> 'as to a renter for personal prop- ested in applying for art SBA loan <br /> erty lost in the tornado. The other for physical damage to homes,per <br /> two were to home owners." sonal pToperty and businesses can <br /> SBA loans,given at 4 percent in- do so until Feb.1,1993.Application <br /> zest,go up to$20,000 for lost per- for economic injury should be in by <br /> sonal property and up to $100,000 k t. 3,. 1993.. <br /> on homes damaged or destroyed in p <br /> natural disaster. <br /> In a little over a week of work,the <br /> SBA processors have passed out 43 <br /> loan applications to Hillsborough <br /> !sidents victimized by the twister <br /> tat swept across farms and neigh- <br /> borhoods Nov.23,killing two per- <br /> --ms and leaving scores homeless. <br /> Only 16 applications have been <br /> completed and returned. <br /> "My job is to do initial screen- <br /> g," Dilworth said, "but I think <br /> ose other 13 applications will <br /> look pretty good to the people do- <br /> ing the final evaluations." <br /> In declaring Orange a federal dis- <br /> ter area, SBA expected to receive <br /> applications from well over 100 <br /> home and business owners. In Or- <br /> Ige, the twister caused an esti- <br /> _.ated$2 million in total damages. <br /> But the flood of victims into the <br /> an office on Hillsborough's Court <br /> reet never materialized. <br /> "The response was lower than <br /> we expected," Dilworth said. "We <br /> >ee SBA, Page A8 L <br />.._....____ <br />