Tornado-affected individuals who were denied FEMA assistance can apply for a low-interest SBA loan.
MONTGOMERY, Ala. - Help is available for individuals who were denied assistance from the Federal Emergency Management Agency.
Borrowers are eligible for up to $200,000 for personal property or real estate losses, with a 0% interest rate within the first year and 2.3% interest going forward. “After the $25,000 amount, that would be a conversation that they would have with the loan officer,” Frazier said.
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