Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Disaster Recovery topic
No spam. Unsubscribe anytime.
SBA outlines disaster loans and economic-injury assistance to LaSalle council
Summary
An SBA public-information officer briefed the council on available disaster loan programs for homeowners, renters, businesses, and nonprofits following an Illinois disaster declaration; loan limits and application steps were provided for those affected.
An SBA public-information officer described disaster loan options available to survivors of the referenced Illinois disaster declaration. "Homeowners can borrow up to 500,000. Renters can borrow up to a 100,000," the presenter said, and she summarized business and nonprofit lending options including up to $2,000,000 for physical damages and up to $2,000,000 for Economic Injury Disaster Loans when revenue losses can be demonstrated.
Arlise Green, identified in the transcript as a PIO for the Office of Disaster Recovery Resilience (SBA), explained typical loan terms (up to 30 years, with the first year having no payments or interest due per the presentation) and directed interested parties to apply online via disasterloan.sba.gov or by calling the disaster customer service number she provided. She also said application materials had been printed for local staff to distribute and that a local contact (Mr. Britt, per the transcript) had her contact information for further help.
The council received the information and thanked the presenter; no formal action was required. The presenter invited questions and offered to stay for follow-up.
