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SBA outlines low-interest disaster loan options after storm damage in Stephens County
Summary
A Small Business Administration public affairs specialist briefed the Stephens County Board of Commissioners on federal low-interest disaster loans available to homeowners, renters, businesses and nonprofits after the late-September storm; application deadline extended and loan terms and mitigation incentives explained.
Brian Beard, a public affairs specialist with the U.S. Small Business Administration Office of Disaster Recovery and Resilience, told the Stephens County Board of Commissioners that SBA disaster loans are available to cover damage not paid by insurance or FEMA after the Sept. 24–Oct. 30 storm.
Beard said the SBA offers long-term, low-interest loans for homeowners, renters, businesses of all sizes and nonprofits and that “there’s no cost to apply, and no cost if you decide to turn down that loan offer.” He urged residents to register with FEMA first and to apply to the SBA even before an insurance settlement…
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