Pulaski County Urges Residents to Apply for Low-Interest Disaster Recovery Loans

In a recent Pulaski County Fiscal Court meeting, officials discussed critical support options available for residents affected by recent disasters. The meeting highlighted the ongoing efforts to assist local businesses and homeowners through low-interest loans, emphasizing the importance of timely applications.

County representatives reported that 26 individuals have applied for disaster relief loans, with eight currently in progress. The loans, which feature a low interest rate of 2.8% for homeowners and 4% for businesses, are designed to provide financial relief without immediate repayment obligations. Notably, recipients will benefit from a one-year grace period during which no payments are required, effectively allowing them to use the funds for other pressing financial needs.

Officials encouraged residents to seek assistance without delay, stressing that the application deadline is tomorrow, July 23. However, they reassured the community that a 60-day grace period for online applications is likely to be implemented, allowing more time for those who may need it.

The meeting also addressed the establishment of a Business Recovery Center (BRC) in the county, providing a private space for business owners to discuss their needs with trained counselors. This initiative aims to ensure that local businesses receive tailored support in a confidential setting.

As the county continues to recover from recent challenges, officials remain committed to collaborating with local organizations and stakeholders to provide comprehensive assistance. They urged residents to take advantage of the available resources and reach out for help as needed, reinforcing the community's resilience in the face of adversity.