Relating to severe storms and tornadoes occurring December 9, 2023

Macon County – The U.S. Small Business Administration (SBA) has announced that businesses and residents affected by Severe Storms and Tornadoes Dec. 9, 2023 in Davidson, Dickson, Montgomery, Sumner counties and adjacent counties are eligible to apply for low-interest Physical and Economic Injury Disaster Loans (EIDLs) from the SBA.

The loans are available to businesses of all sizes, homeowners and renters in the declared area, which covers Davidson, Dickson, Montgomery and Sumner Counties.

Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Cheatham, Hickman, Houston, Humphreys, Macon, Robertson, Rutherford, Stewart, Trousdale, Williamson and Wilson in Tennessee.

The loans can be used to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

The SBA is committed to providing the people of Tennessee with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners, and renters with federal disaster loans.

The SBA offers three types of disaster loans:

  • Business Physical Disaster Loans
  • Economic Injury Disaster Loans (EIDL)
  • Home Disaster Loans.

Business Physical Disaster Loans are available to businesses of any size, including private, nonprofit organizations such as charities, churches and private universities.

Economic Injury Disaster Loans are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.

Home Disaster Loans are available to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

The credit requirements for SBA disaster loans include a credit history acceptable to the SBA and the ability to repay all loans.

Interest rates are as low as 4% for businesses, 2.375% for nonprofit organizations and 2.5% for homeowners and renters, with terms up to 30 years.

Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at and should apply under SBA declaration # 20131 and 20132.

The SBA also offers additional funds to cover the cost of improvements that will protect property against future damage, such as retaining walls, seawalls and sump pumps.

Mitigation loan money would be in addition to the amount of the approved loan, but may not exceed 20% of the total amount of physical damage to real property, including leasehold improvements and personal property as verified by the SBA to a maximum of $500,000 for home loans.

Applicants may apply online, receive additional disaster assistance information and download applications

Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance.

The filing deadline to return applications for physical property damage is Feb. 12, 2024 and the deadline to return economic injury applications is Sept. 13, 2024.

Business and Disaster Recovery Centers are now open across the four directly affected counties.

Davidson County Location

Nashville Public Library Madison Branch

610 Gallatin Pike South

Madison, TN 37115

Mon-Sat: 8 a.m. to 7 p.m.

Sun: 1 p.m. to 5 p.m.

Dickson County Location

Bibb-White Civic Center

1054 Old Charlotte Road

White Bluff, TN 37187

Sun-Sat: 9 a.m. to 7 p.m.

Montgomery County Locations

Montgomery Public Library

350 Pageant Lane, Suite 501

Clarksville, TN 37075

Mon-Thur: 9 a.m. to 8 p.m.

Fri-Sat: 9 a.m. to 6 p.m.

Sun: 1 p.m. to 5 p.m.

Clarksville-Montgomery County Regional Planning Commission

329 Main Street

Clarksville, TN 37040

Mon-Sat: 8 a.m. to 5 p.m.

Sumner County Locations

Hendersonville Area Chamber of Commerce

100 Country Club Drive, Suite 103

Hendersonville, TN 37075

Mon-Sat: 8 a.m. to 5 p.m.

Gallatin Public Utilities

239 Hancock Street

Gallatin, TN 37066

Mon-Sat: 8 a.m. to 7 p.m.

Sun: 1 p.m. to 5 p.m.

Image by wirestock on Freepik

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