CLARKSBURG, W.Va. — The U.S. Small Business Administration offers low-interest federal disaster working capital loans to West Virginia small businesses suffering substantial economic injury as a result of the coronavirus.

The disaster declaration makes SBA Economic Injury Disaster Loans assistance available in the entire state.

Eligibility is based on the financial impact of the COVID-19.

The interest rate is 3.75% for small businesses and 2.75% for private nonprofit organizations.

SBA offers loans with long-term repayments, up to 30 years, in order to keep payments affordable.

To apply or receive additional disaster assistance information, visit https://disasterloan.sba.gov/ela or contact SBA’s Customer Service Center at 800-659-2955 or disastercustomerservice@sba.gov.

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