SBA Launches Disaster Assistance for Sevier County Residents Impacted by Hurricane Helene

The U.S. Small Business Administration (SBA) has announced the availability of low-interest disaster loans for Sevier County residents who have been impacted by Hurricane Helene and the subsequent flooding of the French Broad River.

Eligible homeowners can apply for disaster loans up to $500,000 to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are also eligible for up to $100,000 to repair or replace disaster-damaged or destroyed personal property, including automobiles.

Key Loan Information:

  • Loan Amounts: Up to $500,000 for homeowners; up to $100,000 for homeowners and renters to repair or replace personal property.
  • Interest Rates: As low as 2.813% for homeowners and renters.
  • Loan Terms: Up to 30 years, with no interest or payments due until 12 months from the date of the initial disbursement.
  • Eligibility: Based on each applicant’s financial condition and disaster-related damages.

Application Deadlines:

  • Physical Damage Application Deadline: November 27, 2024
  • Economic Injury Application Deadline: June 30, 2025

Apply using the link above or contact the SBA’s Customer Service Center at (800) 659-2955. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

With recent changes to FEMA’s Sequence of Delivery, residents are now encouraged to simultaneously apply for FEMA grants and SBA low-interest disaster loan assistance to fully recover. FEMA grants can cover necessary expenses not paid by insurance or other sources, while SBA disaster loans are designed for long-term recovery and getting families back to their pre-disaster condition. Do not wait for a FEMA grant decision—apply now to receive additional assistance.

Cocke County, Tennessee – 2024 Flood Disaster

Neighbors Helping Neighbors

Monday, Tuesday, and Wednesday, October 7th, 8th and 9th, 2024, from 9:00 am – 1:00 pm, Sevier County will be collecting bottled water along with Sanitizing wipes for our neighbors in Cocke County.

The Collection Center will be at the future Emergency Operations Center located at 1856 Jack Delozier Drive, Sevierville (located in the John L. Marshall Technology Park past Walters State Community College).

Mountain Ways logo

Mountain Ways for Cocke County & Northeast Tennessee

Mountain Ways is a registered 501(c)(3) nonprofit dedicated to providing immediate assistance to the victims of the Helene flooding in Cocke County, and Northeast Tennessee.

Monetary Donations

For those wishing to help our friends and neighbors who have been affected by the 2024 Flood Disaster, here are options for monetary donations:

By Mail – checks payable to Mountain Ways can be mailed to:
Mountain Ways
P.O. Box 1709, Gatlinburg, TN 37738

Donate Online – https://mtnways.org/

Donations & Giving

Find out more about how you can help our friends and neighbors who have been affected by the 2024 Flood Disaster.

Donations & Collection Center Info Give Now

Community Resources

Find help and support with medical needs, housing/rent, animal care, food and more.

Community Resources

Emergency Response

Information regarding road closures, evacuation notices, shelters, maps and more.

Sevier Co. Emergency Response