Disaster loan areas: Tennessee,

[Federal Register: January 29, 1998 (Volume 63, Number 19)]

[Notices]

[Page 4519]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr29ja98-157]

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3049]

State of Tennessee

As a result of the President's major disaster declaration on January 13, 1998, I find that Carter County in the State of Tennessee constitutes a disaster area due to damages caused by severe storms and flooding beginning on January 6, 1998 and continuing. Applications for loans for physical damages may be fileduntil the close of business on March 13, 1998, and for loans for economic injury until the close of business on October 13, 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 Johnson, Sullivan, Unicoi, and Washington in Tennessee, and Avery, Mitchell, and Watauga Counties in North Carolina may be fileduntil the specified date at the above location.

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 304906. For economic injury the numbers are 971600 for Tennessee and 971700 for North Carolina.

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

Dated: January 15, 1998. Herbert L. Mitchell, Acting Associate Administrator for Disaster Assistance.

[FR Doc. 98-2230Filed1-28-98; 8:45 am]

BILLING CODE 8025-01-P