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SBA outlines disaster loan programs available to Newport homeowners, renters and businesses
Summary
A U.S. Small Business Administration representative briefed the council on low-interest disaster loans and application deadlines following recent flooding: homeowners up to $500,000, renters up to $100,000, businesses up to $2 million; economic injury loans up to $2 million; physical damage deadline April 2025; economic injury deadline July 2025.
A public-affairs representative from the U.S. Small Business Administration briefed the Newport City Council on disaster-loan programs available to residents, landlords, businesses and nonprofit organizations after the recent flood.
The presenter described three SBA programs:…
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