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Hurricane Helene Recovery Efforts Are Underway
How You Can Help
Our thoughts go out to all impacted by last week’s devastating storms caused by Hurricane Helene in southwest Virginia, western North Carolina and eastern Tennessee. The VBA has been in touch with our peers in those two states as well as bankers in southwest Virginia to see what type of assistance is needed. You can read a press release shared by the community banks of Southwest Virginia here.
State Loan Program to Assist Helene Impacted Agriculture Small Businesses
Governor Glenn Youngkin announced a disaster microloan program for farmers and agricultural and forestry small businesses located in counties affected by Hurricane Helene through a partnership of the Virginia Small Business Finance Authority (VSBFA) and the Tobacco Region Revitalization Commission.
A total of $6M is available through the Agriculture Disaster Microloan Program and will provide loans ranging from $5,000 to $50,000 to cover various disaster-related needs directly resulting from Hurricane Helene. Funds are first-come, first-served and applications will be accepted through December 31, 2024.
Applications and additional information, including eligibility and loan terms, can be found here or by contacting the VSBFA at 804-786-1049.
Please see below for a list of ways to support recovery efforts.
Endorsed Provider Spotlight
Investors Title Insurance Company
Based in Chapel Hill, North Carolina, Investors Title specializes in residential and commercial title insurance, §1031 exchanges, settlement, escrow, and trust account reconciliation services, and wealth management. Publicly traded on the Nasdaq Global Select Market (ticker symbol “ITIC”), Investors Title has partnered with 500+ banks to establish lender owned title insurance agencies. With a focus on compliance, operational efficiency, and superior service as the staples of success, these agencies generate significant non-interest fee income for owners.
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