SBA approves nearly 900 low-interest disaster loans - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

SBA approves nearly 900 low-interest disaster loans

Flooding in East Baton Rouge Parish (Source: Viewer) Flooding in East Baton Rouge Parish (Source: Viewer)

Information provided by US Small Business Administration:

The US Small Business Administration has approved 899 low-interest disaster loans for a total of $67.2 million.

Of those, 855 disaster loans for homeowners and renters have been approved for $63.5 million.

44 business disaster loans have been approved for a total of $3.69 million.

The application filing deadline for physical disaster loans (for homeowners, renters and businesses of all sizes to repair and replace damaged or destroyed property) is October 13.

The deadline to apply for SBA Economic Injury Disaster Loans (working capital loans to help small businesses and most private, nonprofit organizations cover operating expenses during the disaster recovery period) is May 15, 2017.

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