• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / SBA clears way for 14 counties to receive storm help

SBA clears way for 14 counties to receive storm help

May 6, 2011 By Matt Kelley

The U.S. Small Business Administration has cleared the way for residents of 14 counties to receive financial help in recovering from storms that swept through western Iowa the night of April 9. S.B.A. spokesperson Mark Randle says the disaster declaration allows residents and business owners to apply for low-interest loans.

The loans can be used to cover uninsured, under-insured and other uncompensated losses. The S.B.A. has set up Disaster Loan Outreach Centers in Mapleton and Varina. Randle says home and business owners can get a good deal on financing their repairs or replacing their property.

The interest rates for S.B.A. loans to homeowners are typically as low as 2.563%, 4% for businesses and 3% for private, non-profit organizations. Up to 18 tornadoes touched down in western Iowa on April 9. The worst damage occurred in Mapleton where 140 homes and businesses were damaged or destroyed. Randle says the S.B.A. loans should help a lot of individuals and families.

“The loan amounts can be up to $200,000 to repair or replace damage to primary residence and $40,000 for private property, including vehicles. Business loans can be up to $2 million,” Randle said.

The S.B.A. assistance is available in Buena Vista, Calhoun, Clay, Crawford, Harrison, Humboldt, Ida, Kossuth, Monona, Palo Alto, Pocahontas, Sac, Webster and Woodbury Counties. The filing deadline is July 5.

S.B.A. Disaster Loan Outreach Centers:
Mapleton City Hall, 513 Main St., Mapleton
Open Now through May 26
Mondays through Fridays, 8 a.m. to 5 p.m.
Varina American Legion Hall, 207 Main St., Varina
Open Wednesdays, May 11, May 18 and May 25, 10 a.m. to 2 p.m.
Applicants may apply online at://disasterloan.sba.gov/ela or call (800) 659-2955

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Fires/Accidents/Disasters

Featured Stories

Grundy Center man sentenced to life for killing State Trooper

Jodi Husientruit remembered 27 years after she disappeared

Iowa Supreme Court rules in Mahaska-Marion County regional airport dispute

Pheasant harvest and hunter numbers both up this year

Iowa Supreme Court overturns ruling creating constitutional abortion right

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 6/27/22

AJ Green signs with Milwaukee

Iowa to host Georgia Tech in ACC/Big Ten Challenge

Iowa State adds a defensive back

Radio Iowa/Baseball Coaches Association High School Poll 6/20/22

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC