Low-interest federal disaster loans are now available to
The declaration covers the primary
Disaster loans up to
Businesses of any size and private, nonprofit organizations may borrow up to
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Interest rates can be as low as 2.188 percent for homeowners and renters, 4 percent for businesses, and 2.625 percent for private, nonprofit organizations, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.
To be considered for all forms of disaster assistance, victims must first call the
TNS 30BautistaJude 140430-4718699 30BautistaJude
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