98-9507. State of North Carolina; Disaster Area

[Federal Register Volume 63, Number 69 (Friday, April 10, 1998)]
[Notices]
[Page 17919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9507]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3073]


State of North Carolina; Disaster Area

    As a result of the President's major disaster declaration on March 
22, 1998 I find that Rockingham County in the State of North Carolina 
constitutes a disaster area due to damages caused by severe storms, 
tornadoes, and flooding that occurred on March 20-21, 1998. 
Applications for loans for physical damages as a result of this 
disaster may be filed until the close of business on May 21, 1998, and 
for loans for economic injury until the close of business on December 
22, 1998 at the address listed below or other locally announced 
locations:

U.S. Small Business Administration, Disaster Area 2 Office, One 
Baltimore Place, Suite 300, Atlanta, GA 30308

    In addition, applications for economic injury loans from small 
businesses located in the following contiguous counties may be filed 
until the specified date at the above location: Alamance, Caswell, 
Forsyth, Guilford, and Stokes Counties in North Carolina, and Henry, 
Patrick, and Pittsylvania Counties in Virginia.
    The interest rates are:

------------------------------------------------------------------------
                                                                Percent 
------------------------------------------------------------------------
Physical Damage:                                                        
  HOMEOWNERS WITH CREDIT AVAILABLE ELSEWHERE.................      7.250
  HOMEOWNERS WITHOUT CREDIT AVAILABLE ELSEWHERE..............      3.625
  BUSINESSES WITH CREDIT AVAILABLE ELSEWHERE.................      8.000
  BUSINESSES AND NON-PROFIT ORGANIZATIONS WITHOUT CREDIT                
   AVAILABLE ELSEWHERE.......................................      4.000
  OTHERS (INCLUDING NON-PROFIT ORGANIZATIONS) WITH CREDIT               
   AVAILABLE ELSEWHERE.......................................      7.125
For Economic Injury:                                                    
  BUSINESSES AND SMALL AGRICULTURAL COOPERATIVES WITHOUT                
   CREDIT AVAILABLE ELSEWHERE................................      4.000
------------------------------------------------------------------------

    The number assigned to this disaster for physical damage is 307312. 
For economic injury the numbers are 978400 for North Carolina and 
978500 for Virginia.

(Catalog of Federal Domestic Assistance Program Nos. 59002 and 
59008)

    Dated: March 27, 1998.
Bernard Kulik,
Associate Administrator for Disaster Assistance.
[FR Doc. 98-9507 Filed 4-9-98; 8:45 am]
BILLING CODE 8025-01-P