Clay County has officially been approved for the Small Business Administration (SBA) loan program, providing a crucial financial resource for residents affected by recent damages. This program offers individuals the opportunity to borrow up to $500,000 at a competitive interest rate of 2.3% over a 30-year term. This assistance comes as a vital alternative for those who did not qualify for individual assistance through FEMA.

The announcement was made during a recent government meeting, where officials discussed the implications of the SBA program and its availability to the community. A press release detailing the program will be distributed shortly to ensure that residents are informed about this financial support option.

Additionally, the meeting included discussions regarding departmental budget requests. One official noted that their budget proposal closely resembles last year's, indicating a continuity in funding needs. There was some confusion regarding the allocation of insurance funds, which may have been integrated into the courthouse building budget.

While no immediate questions arose regarding the budget, officials acknowledged the busy schedule ahead, with one member preparing for the upcoming state fair. Overall, the meeting highlighted significant developments in financial assistance for residents and ongoing budgetary considerations for the county.