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SBA outlines disaster-loan help after March 10 tornado; deadline for some applications June 8
Summary
An SBA disaster-recovery official told Manteno residents the agency offers low-interest physical-damage loans (up to $500,000 for homeowners; up to $100,000 for contents and vehicle replacement) and economic-injury loans for businesses, with some deadlines extending into 2027.
The Small Business Administration outlined disaster-loan options for homeowners, renters, businesses and nonprofits affected by the March 10 tornado during the Manteno Village Board meeting on May 4.
DJ Jekayla, public affairs lead for the SBA’s disaster recovery team, told the board that homeowners may apply for physical-damage loans up to $500,000 to repair or replace a damaged home and up to $100,000 for…
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