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SBA briefed Washington County residents on disaster loans, deadlines and recovery centers

Washington County Board of Supervisors · October 22, 2024
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 representative told the Board of Supervisors that disaster loans are available to businesses, homeowners and renters, described interest rates and mitigation provisions, and urged residents to use staffed disaster recovery centers before upcoming deadlines.

Jim McKershow of the U.S. Small Business Administration spoke to the Washington County Board of Supervisors on Oct. 24 about SBA disaster‑loan options and local help centers. He said the SBA offers physical-damage loans (up to $2 million for businesses; up to $500,000 for homeowners), economic injury disaster loans for working-capital needs, and content loans for renters (up to $100,000).

"We offer three types of disaster loans, to businesses as well as homeowners and renters," McKershow said. He described typical…

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