North Carolina Gov. Roy Cooper said the damage in his state is in the billions of dollars, but there was no way to make a more accurate estimate while flooding continues.
Flooding across the Carolinas was expected to worsen over the next couple of days, forecasters said. The loans are available to residents in 31 North Carolina counties and three SC counties, according to the website.
President Trump took time to speak with homeowners in New Bern, North Carolina where Hurricane Florence brought devastating floods.
In South Carolina, floodwaters heavily affected some crops, Agriculture Commissioner Hugh Weathers told Southern Farm Network.
Thousands of homes and roadways in the region remain underwater less than a week after the storm made landfall. Aside from the Duke Energy breach, state-owned utility Santee Cooper in SC is placing an inflatable dam around a coal ash pond near Conway, saying the extra 2.5 feet (76 centimeters) should be enough to keep floodwaters out.
There are still unanswered questions surrounding the deaths of two mental health patients who drowned Tuesday in a prison transport van swept away by rising floodwater in SC.
Two years ago, flooding ruined the baseboards and carpet of the Presbyterian Church of the Covenant in Spring Lake. They have been placed on administrative leave, the sheriff's office said.
· "Some of the hardest work is taking place right now, even though it's nice and handsome and sunny".
"We can't wait to go back home and live a normal life again, hopefully on Wednesday".
At Horry County's emergency operations center, South Carolina Gov. Henry McMaster said the storm had likely been the worst disaster in the state's history, but warned it wasn't over yet.
At least 36 people have died as a result of the storm, according to CNN.
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"If we really want accountability, put it all out", she said. The South Carolina Department of Public Safety says the statewide death toll is 9.
When the water eventually recedes, North Carolina residents will have to not only deal with the usual clean-up challenges but also added health-risks caused by its key industries: pig farming and coal power generation. Others can't get to their neighborhoods because the extensive road closures or simply because they don't have a ride home.
Roads have been so impassable in Kinston, North Carolina, the National Guard has used helicopters to distribute water.
Less than a week ago, Trump infuriated officials in Puerto Rico and drew criticism from Democratic and Republican lawmakers for questioning a study that said almost 3,000 people died on the island in the aftermath of Hurricane Maria. "The water is going to come back up".
While most people were able to evacuate, that wasn't the case with livestock. "It's wearing on a lot of people here, trying to keep their sanity together".
These farmers will suffer the greatest impact because of timing.
Agriculture is the biggest industry in North Carolina.
Trump, who is also reviewing flood damage in SC, said as he exited the White House, "I think it will be an incredible day".
Flood waters and downed trees nearly entirely cut off Wilmington from the rest of the state, after Florence dropped more than 2 feet (60 centimeters) of rain over the coastal city.
Amtrak announced that it will resume passenger train service in and through North Carolina on Thursday.
In South Carolina, the flood was far from over.