Affected by Flooding: You May Be Eligible For Low-Interest Federal Loans

Federal Loans

We at AFP recently received this helpful information from Roanoke City (via the and wanted to pass it along to you. If your business or residence was affected by the disastrous flooding this past October then you may be eligible for low-interest federal loans. Read below for more information.

Was your business, nonprofit, or property physically damaged by Tropical Storm Michael between Oct. 10 – 15? The U.S.Small Business Administration encourages businesses of all sizes, nonprofit organizations, homeowners and renters to apply for a disaster loan to help restore physical damage. Businesses and nonprofits can apply up to $2 million to repair or replace disaster damaged real estate, machinery, equipment, inventory, and other business assets. Loans for working capital, known as Economic Injury Disaster Loans, are available even if the business did not suffer any physical damage. Homeowners can apply up to $200,000 to repair or replace disaster damaged real estate. Homeowners and renters can apply up to $40,000 to repair or replace damaged personal property including automobiles.

Click here for the link to apply for low-interest Federal Loans. 

When he's not reading WSJ, studying finance, or blogging Daniel can be found biking around Roanoke, exploring the outdoors with his DSLR, or attempting to bag and dispose of the ridiculous amount of leaves in his yard.

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