[Federal Register Volume 63, Number 19 (Thursday, January 29, 1998)]
[Notices]
[Page 4518]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2235]


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SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3053]


State of North Carolina

    As a result of the President's major disaster declaration on 
January 15, 1998, I find that Avery and Mitchell Counties in the State 
of North Carolina constitute a disaster area due to damages caused by 
severe storms and flooding beginning on January 7, 1998 and continuing. 
Applications for loans for physical damages may be filed until the 
close of business on March 16, 1998, and for loans for economic injury 
until the close of business on October 15, 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 contiguous counties of Burke, Caldwell, 
McDowell, Watauga, and Yancey in North Carolina may be filed until the 
specified date at the above location.
    Any counties contiguous to the above-named counties and not listed 
herein have been previously declared under a separate declaration for 
the same occurrence.
    The interest rates are:

------------------------------------------------------------------------
                                                                Percent 
------------------------------------------------------------------------
Physical Damage:                                                        
  HOMEOWNERS WITH CREDIT AVAILABLE ELSEWHERE.................      7.625
  HOMEOWNERS WITHOUT CREDIT AVAILABLE ELSEWHERE..............      3.812
  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 305306 
and for economic injury the number is 972200.

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

    Dated: January 16, 1998.
Bernard Kulik,
Associate Administrator for Disaster Assistance.
[FR Doc. 98-2235 Filed 1-28-98; 8:45 am]
BILLING CODE 8025-01-P