Disaster Assistance Available to Businesses & Homeowners Affected by Early April Severe Storms

​The U.S. Small Business Administration (SBA) has opened a Business Recovery Center (BRC) at the Jay Clay DetailTech Building in Nicholasville, KY.  SBA has opened this center to assist Kentucky businesses and residents with losses due to the severe storms, straight-line winds, tornadoes, landslides, and mudslides that occurred on April 2, 2024.

The disaster declaration covers Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union and Whitley counties in Kentucky, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Bell, Bourbon, Bracken, Bullitt, Carroll, Clark, Crittenden, Elliott, Fleming, Franklin, Garrard, Hardin, Henderson, Knox, Laurel, Lawrence, Lewis, Madison, McCreary, Mercer, Owen, Robertson, Rowan, Scott, Shelby, Spencer, Trimble, Webster and Woodford in Kentucky; Gallatin and Hardin in Illinois; Clark, Floyd, Harrison and Posey in Indiana; Adams, Brown, Lawrence and Scioto in Ohio; Campbell and Claiborne in Tennessee; and Wayne in West Virginia. 

Customer Service Representatives at SBA’s Business Recovery Center will assist businesses and residents complete their disaster loan application, accept documents, and provide updates on an application’s status. Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Disaster Recovery Center in advance.

Business Recovery Center (BRC)
Jessamine County
Jay Clay DetailTech Building
160 Zakk Ct., Nicholasville, KY 40356
Hours: Monday - Friday, 8 a.m. to 6 p.m.
Saturday, 9 a.m. to 3 p.m.
Closed: Sunday

Disaster Loans - Homeowners & Renters (PDF)
Disaster Loans - Businesses & Nonprofits (PDF)
EIDL Loans - Businesses & Nonprofits (PDF)

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

Disaster loans up to $500,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace disaster-damaged or destroyed personal property.

Interest rates are as low as 4% for businesses, 3.25% for nonprofit organizations, and 2.688% for homeowners and renters, with terms of up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. 

With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their long-term recovery needs. Please visit sba.gov/disaster to apply for SBA assistance online.

Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

The filing deadline to return applications for physical property damage is July 22, 2024. The deadline to return economic injury applications is Feb. 24, 2025.

FEMA Opens Disaster Recovery Center in Fayette County to Assist Those Impacted by April 2nd Severe Storms
The Fayette County Disaster Recovery Center (DRC) is now open for those impacted by the April 2 storms. FEMA representatives are available to help with applications for federal assistance and answer questions on other disaster recovery resources. Additionally, U.S. Small Business Administration representatives are available to assist survivors. Survivors in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union and Whitley counties can apply for FEMA assistance at any of the Disaster Recovery Centers. FEMA representatives can help with applications for federal assistance and provide information about other disaster recovery resources. FEMA financial assistance may include money for basic home repairs or other uninsured, disaster-related needs, such as childcare, transportation, medical needs, funeral or dental expenses.

DRC Location & Hours:
115 Cisco Road, Lexington, KY 40504
Monday - Friday: 10 a.m.-7 p.m.
Saturday: 9 a.m.-6 p.m.
Sunday: 1-5 p.m.

For more information, visit the website: https://bit.ly/45ebC8N

It is not necessary to go to a center to apply for FEMA assistance. Homeowners and renters in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union and Whitley counties can go online to disasterassistance.gov, call 800-621-3362 or use the FEMA mobile app to apply. 
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