Small Business Administration Working with FEMA to Assist with Businesses Affected by Tornadoes

Saturday, May 12, 2018


An organization that normally helps small businesses is looking to help anyone affected by the March 19th tornados. The US Small Business Administration is working alongside FEMA to offer low-interest loans to help renters, homeowners, businesses and non-profits affected by the tornados. 


Those looking to apply for a loan do not have to wait for an insurance settlement. US Small Business Administration Public Affairs Specialist Brian Beard says people can apply for a loan. 


There will be 3 Disaster Recovery Centers in each of the counties affected by the tornados. Beard also says homeowners and renters can get a loan for as little as 1.83%, for non-profits a loan can start as low at 2.5% and businesses start at 3.85%.


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