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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 personal property and vehicle replacement. She emphasized that many loans are made to homeowners and renters, not only to businesses, and said low-interest terms are available.
Key details and deadlines: Jekayla said the deadline to apply for physical-damage loans in this declaration is June 8; the economic-injury (business) program deadline extends through Jan. 11, 2027, to allow businesses time to determine if they suffered capital loss.
Local help: The SBA set up disaster-loan outreach centers in the region (including a center at Northfield Square Mall and one in Kankakee’s Train Depot and a site in Aroma Park Village Hall) and is offering in-person assistance through May 9. Flyers with instructions and loan-rate information were left at the village hall.
Quote: "We just wanna make sure we're not leaving any stone not unturned in terms of people knowing this is an option," Jekayla said.
What residents should do: The SBA official recommended visiting a local outreach center, calling the SBA toll-free number, or starting an online application; she emphasized face-to-face help for complex or unique cases.
Ending: The board thanked the SBA presenter; flyers were made available at the village office for residents seeking assistance.
