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SBA visits Friday Harbor to outline disaster loans, April 21 mobile unit scheduled
Summary
An SBA public affairs specialist briefed the council on disaster loan options for homeowners, renters, nonprofits and businesses affected by December storms; homeowner loans at 2.875% and business loans at 4% were cited, and a mobile assistance unit will visit April 21 at the ETC.
Michelle Genovese, public affairs specialist with the U.S. Small Business Administration Office of Disaster Recovery and Resilience, briefed the council on SBA disaster‑loan programs tied to the December storms and offered application guidance.
Genovese said SBA programs can help homeowners, renters, homeowners associations, nonprofits and businesses repair or replace storm‑damaged property and provide working capital for economic losses. She cited homeowner loan interest commonly at 2.875% and business loans around 4% for eligible applicants, noted the SBA need not require an insurance claim before application, and said loans under $14,000 typically require no collateral. Genovese announced a mobile assistance unit will be at the ETC on April 21 for in‑person help.
Council members asked about local partnerships; Genovese said SBA staff had been in contact with local economic development, emergency management and other community organizations and encouraged residents with possible damage to apply at sba.gov or visit the mobile unit.
