Get email alerts on the Disaster Relief topic
No spam. Unsubscribe anytime.
SBA briefs Warren County on disaster loans, mitigation and application help
Summary
A Small Business Administration representative told the Warren County supervisors that SBA disaster loans offer deferred payments for 12 months, no collateral for loans under $50,000, fixed interest rates, no prepayment penalty, and a mitigation option up to 20% of an approved loan; the presenter shared application contacts and statewide loan totals.
A presenter from the Small Business Administration briefed the Warren County Board of Supervisors on SBA disaster loans and related mitigation programs at the Aug. 4 meeting. The presenter described the loans as "affordable, reliable, and flexible," noting there is no interest or payment for the first 12 months, no collateral requirement for loans under $50,000 and no prepayment penalty.
The presenter said mitigation funds are available at up to 20% of an approved loan for projects such as storm windows, garage-door fasteners, and other improvements to reduce future damage. For the state as a whole the presenter reported roughly $1,500,000 in disaster loans offered across several counties and provided application resources (phone: 1806592955; website: www.sba.gov/disaster). The presenter offered to coordinate a local information session and share virtual attendance options.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
