The U.S. Small Business Administration (SBA) has established Business Recovery Centers (BRCs) in Davidson and McNairy Counties, Tennessee. These centers aim to assist small businesses, private nonprofits, and residents affected by severe weather events that occurred from April 2-24, 2025.
SBA customer service representatives are available at these centers to provide information on the SBA’s disaster loan program. They will guide applicants through the process and help with application completion. Walk-ins are welcome, but appointments can be scheduled online.
The Davidson County BRC is located at the SBA District Office in Nashville, while the McNairy County BRC is at The Latta Theatre in Selmer. Both centers operate daily from 8 a.m. to 6 p.m., except for temporary closure on July 4th due to the holiday.
Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA, stated: “SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster.”
The Economic Injury Disaster Loan (EIDL) program offers financial support to small businesses, agricultural cooperatives, and private nonprofit organizations impacted by disasters. While agricultural producers cannot receive loans directly related to agriculture under this program, small aquaculture enterprises may qualify.
EIDLs cover working capital needs caused by disasters even if no physical damage occurred. Businesses can apply for up to $2 million for repairs or replacement of damaged assets. Homeowners and renters may borrow up to $100,000 for personal property repairs or replacements; homeowners may apply for up to $500,000 for primary residence repairs.
Mitigation improvements such as strengthening structures against wind damage or installing storm shelters may qualify applicants for additional loan increases up to 20% of verified physical damage costs.
Interest rates are set at competitive levels: 4% for small businesses, 3.625% for PNPs, and 2.75% for homeowners and renters with terms extending up to 30 years.
Applicants should not delay applying due to pending insurance settlements; SBA can offer loans based on total loss estimates with agreements regarding insurance proceeds usage.
With FEMA's updated Sequence of Delivery approach encouraging simultaneous applications for FEMA grants alongside SBA loans ensures comprehensive recovery support covering both immediate expenses and long-term restoration efforts.
For more information or assistance with applications visit sba.gov/disaster or contact their Customer Service Center via phone or email provided above.
The deadline for submitting applications related to physical property damage is August 19th while economic injury-related submissions close March next year.