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SBA outlines disaster loan help for businesses, homeowners after Hurricane Milton; deadlines noted

2514267 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

An SBA official told the Kissimmee City Commission about physical-damage and economic-injury disaster loans, interest rates, loan limits and application deadlines, and offered local help resources.

Jason Ross, a public affairs specialist with the U.S. Small Business Administration’s Office of Disaster Recovery and Resilience, briefed the Kissimmee City Commission on SBA disaster loan programs available to local businesses, nonprofits, homeowners and renters impacted by Hurricane Milton.

Ross said physical-damage disaster loans are available for businesses and nonprofits up to $2 million, and for homeowners up to $500,000; homeowners and renters may also borrow up to $100,000 for repair or replacement of personal property. He described a mitigation allowance — up to an…

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