Deadline Near for Storm Victims to Apply for SBA Loans

The deadline is nearing for individuals and businesses in 13 Kansas counties to apply for low-interest disaster loans.

The U.S. Small Business Administration loans were made available following tornados that impacted Chapman and Manhattan and several other areas. The deadline to apply is Tuesday, Aug. 19.

The loans are available to individuals and businesses in Clay, Dickinson, Geary, Marion, Marshall, McPherson, Morris, Ottawa, Pottawatomie, Riley, Saline, Wabaunsee and Washington Counties.

These SBA loans are to repair and replace homes as well as personal and business property. 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 $1.5 million.

For additional information, call the SBA's Customer Service Center at (800) 659-2955 or go on-line to disastercustomerservice@sba.gov or the SBA's website at www.sba.gov/services/disasterassistance. Hearing impaired individuals may contact SBA at (800) 877-8339.

The Farm Service Agency also made emergency loans available to qualified producers who suffered production and physical losses as a result of the severe storms, tornados and flooding that impacted Kansas in June 2008.

Producers in Brown, Decatur, Doniphan, Jewell, Marshall, Nemaha, Norton, Philips, Rawlins, Republic, Smith, and Washington Counties have until Feb. 20, 2009 to apply for an emergency loan.

Eligible loan funds may be used to restore or replace essential property and pay production costs associated with the disaster year. Applicants can borrow up to 100 percent of actual production or physical losses not to exceed $500,000.

Producers must meet eligibility requirements and not be able to obtain credit from a commercial lender. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment availability. To apply, producers should contact the FSA office at their local U.S. Department of Agriculture Service Center.


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