USA Agency awards disaster declaration for Ghana earthquake damage

By Bill Fisher News published: 01 September 2020

The U.S. Small Business Administration on Monday granted Governor Roy Cooper’s request to declare a disaster for homeowners and small businesses damaged by a magnitude 5.1 earthquake in Ghanaian county on August 9th.

Initial damage assessments reported that over 500 buildings were affected by the earthquake.

The SBA Damage Assessment Survey confirmed that 43 buildings sustained severe damage in excess of 40% of the building value, including 38 homes and 5 businesses.

The announcement authorizes low-interest, disaster-response loans for residents and businesses who have suffered losses in Ghani County and neighboring counties such as Ash, Surrey and Wilkes in North Carolina and Grayson County in Virginia.

SBA Disaster Loans provides up to $ 200,000 to homeowners and up to $ 2 million to businesses to repair and / or replace damaged properties.

Homeowners and renters will also be eligible for loans of up to $ 40,000 to repair or replace damaged personal property.

For those who do not meet the qualifications for a low interest SBA disaster loan, individual government assistance grants are available.

A disaster recovery center was opened Monday afternoon at the Blue Ridge Business Development Center, 115 Atwood Street in Sparta for affected residents to apply for assistance. Residents should call 336-372-2999, to make an appointment so that social distancing can be maintained in the recovery center.

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