Storm disaster loans available

Wednesday, April 29, 2009 5:37 PM
Last updated 5:40 PM
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Victims of the April 10 storm that brought disastrous tornadoes to the area can now apply for low-interest disaster loans from the U.S. Small Business Administration, the agency’s administrator, Karen G. Mills, announced today in a release.

The loans, with rates as low as 2.187 percent for homeowners and renters and 4 percent for businesses for up to 30 years, have been made available, according to the release.

The disaster declaration locally covers Aiken, Barnwell, Edgefield and McCormick counties in South Carolina and Burke and Richmond counties in Georgia.

Homeowners and renters will be eligible for loans up to $40,000 to repair or replace damaged property.

Businesses and non-profit organizations may borrow up to $2 million for repairs. Locally, residents can go to an SBA center in Aiken County at the Beech Island Fire Department on Sandbar Ferry Road for an application.

It will be open from 8 a.m. to 5:30 p.m. May 5-8; 9 a.m. to 1 p.m. on May 9; closed on May 10; and from 8 a.m. to 5:30 p.m. May 11-14. The filing deadline for property damage is June 29. For more information, call (800) 659-2955 or e-mail to disastercustomerservice@sba.gov.


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