The U.S. Small Business Administration is reminding Iowa flood victims to get your loan applications completed and turned in. Spokesman Frank Adinolfe says there are thousands of dollars in loans available. You’re eligible if you live in one of the ten counties declared federal disaster areas due to the flooding and tornadoes. Adinolfe says businesses in the surrounding counties can also be eligible if they suffered as a result of the disaster. He says the sooner you get your application in, the sooner you get your check. Adinolfe says the loans have varying rates and you need to call FEMA to register to be eligible for the SBA loans.
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