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SBA outlines low-interest disaster loans for businesses and residents affected by November storm
Summary
A U.S. Small Business Administration representative briefed the Renton City Council on loan programs for physical damage and economic injury from the November bomb cyclone, with local application centers and deadlines.
Good evening. My name is Javier, public information officer with the U.S. Small Business Administration, office of disaster recovery and resilience, and SBA is offering low interest federal disaster loans to businesses of all sizes, most private nonprofit organizations, homeowners, and renters who were affected by the bomb cyclone that happened back in November, Javier said.
The SBA presentation explained two loan types for businesses: physical damage loans to repair or replace real estate, machinery, equipment and similar losses, and Economic Injury…
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