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SBA to offer low-interest loans to residents hit by storms

Low-interest loans are now available to some residents and business owners in St. Louis and St. Charles county who were affected by storms between May 29 and June 10.

The funds are coming from the US Small Business Administration. Homeowners could receive as much as $200,000 to replace homes or land. Businesses and nonprofits could as be eligible for up to $2 million in loans to repair or replace land, property, or other business assets. Loan rates start as low as 1.8%.

More information is available from the SBA's Customer Service at 1-800-659-2955 or www.sba.gov/disaster.

 

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