Low-Interest Loans Available for Victims of June Tornadoes

The U.S. Small Business Administration (SBA) has low-interest federal disaster loans available to residents and businesses affected by the June 11 tornadoes and severe storms in Dickinson and Riley Counties.

These low-interest loans are available to homeowners, renters, businesses of all sizes and private, non-profit organizations whose property was damaged or destroyed by the June 11 tornadoes and severe storms.

SBA assistance was made available in response to a request from Governor Kathleen Sebelius that SBA received on June 18. The declaration covers the Kansas counties of Clay, Dickinson, Geary, Marion, Marshall, McPherson, Morris, Ottawa, Pottawatomie, Riley, Saline, Wabaunsee and Washington.

The filing deadline to return applications for property damage is Aug. 19, 2008. The deadline to return economic injury applications is March 20, 2009.

Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses of any size and private non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to help homeowners and business owners with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses and most private, non-profit organizations of all sizes, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.

Individuals and business owners may obtain information and applications by contacting SBA's Customer Service Center at 800-659-2955 or disastercustomerservice@sba.gov, or by visiting SBA's website at www.sba.gov/services/disasterassistance. Hearing impaired individuals may contact SBA at 800-877-8339.


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