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Davidson County small businesses awarded $1.9M in disaster loans after tornado

east nashville tornado damage.png
Posted at 4:20 PM, Mar 31, 2020
and last updated 2020-03-31 17:20:45-04

NASHVILLE, Tenn. (WTVF) — Davidson County small businesses have been approved for $1,931,600 is disaster loans following the deadly March 3 tornado.

Mayor John Cooper is encouraging all businesses, nonprofit organizations, homeowners and renters who were impacted by the tornado to apply for assistance.

“Business owners of all sizes who were affected by the March 3rd storm should take this opportunity to apply for SBA loans to recover from economic injury and direct damages caused by the tornado,” said Mayor Cooper. “Do not pass up this valuable resource to get back on your feet, recover, and rebuild.”

Those in Davidson, Putnam and Wilson counties are eligible for physical and economic injury disaster loans from the U.S. Small Business Administration.

Statewide, 76 disaster loans have been approved for $5,078,200 in total.

Businesses and nonprofit organizations can borrow up to $2 million. The deadline to return applications for physical property damage is May 4, 2020 and the deadline to return economic injury applications is December 7, 2020.

For more information on the disaster loans, click here.