94-11297. North Carolina; (with contiguous counties in South Carolina) Declaration of Disaster Loan Area

[Federal Register Volume 59, Number 90 (Wednesday, May 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-11297]


[[Page Unknown]]

[Federal Register: May 11, 1994]


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SMALL BUSINESS ADMINISTRATION
[Declaration of Disaster Loan Area #2717)

 

North Carolina; (with contiguous counties in South Carolina) 
Declaration of Disaster Loan Area

    Cleveland County and the contiguous countries of Burke, Catawba, 
Gaston, Lincoln, and Rutherford in the State of North Carolina and 
Cherokee and York Counties in the State of South Carolina constitute a 
disaster area as a result of damages caused by flooding and tornadoes 
which occurred March 27 through 29, 1994. Applications for loans for 
physical damage may be filed until the close of business on July 5, 
1994 and for economic injury until the close of business on February 3, 
1995 at the address listed below:

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

or other locally announced locations.
    The interest rates are:

    For Physical Damages: Homeowners With Credit Available Elsewhere--
7.250 percent; Homeowners Without Credit Available Elsewhere--3,625 
percent; Business With Credit Available Elsewhere--7.700 percent; 
Business and Non-Profit Organizations Without Credit Available 
Elsewhere--4.000 percent; Others (Including Non-Profit Organizations) 
With Credit Available Elsewhere--7.125 percent;
    For Economic Injury: Businesses and Small Agricultural Cooperatives 
Without Credit Available Elsewhere--4.000 percent.

    The number assigned to this disaster for the State of North 
Carolina are 271706 for physical damage and 825600 for economic injury, 
and in South Carolina the numbers are 271806 and 825700.

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

    Dated: May 3, 1994.
Erskine B. Bowles,
Administrator.
[FR Doc. 94-11297 Filed 5-10-94; 8:45 am]
BILLING CODE 8025-01-M