News Column

BRIEF: Majority of approved SBA tornado loans go to homeowners

June 2, 2014

By Bayne Hughes, The Decatur Daily, Ala.

June 02--RIPLEY -- The U.S. Small Business Administration has awarded $549,400 in loans to Limestone County homeowners impacted by the April 28 tornado.

A press release issued this morning says SBA approved 12 of its 60 applications for home loans. It has not approved any of the five applications for a business loan.

The department received 763 applications statewide and approved 163 for $5,793,500. This includes 157 home loans for $5,538,100


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Source: Decatur Daily (AL)

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