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SBA briefs Glendale council on disaster loans after August flooding
Summary
The Small Business Administration told the Glendale council it can offer disaster assistance loans for homes and businesses affected by August flooding — up to $500,000 for homeowners and up to $2,000,000 for businesses — and cited interest guidance and a deferral period.
April Atkins of the Small Business Administration briefed the Glendale Common Council on federal disaster assistance available to businesses and homeowners affected by flooding in August.
"Homes were damaged. SBA is here to help," Atkins told the council. She described the program’s basic parameters: "You get up to, up to $2,000,000 for the business" and "if your business is short for home loans, you get up to 500,000" for…
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