SBA briefs Warren County on disaster loans, mitigation and application help
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.
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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.
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