Deadline Approaches For Low Interest Disaster Loans From Tropical Storm Lee | WAMU 88.5 - American University Radio

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Deadline Approaches For Low Interest Disaster Loans From Tropical Storm Lee

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The Small Business Administration is offering low-interest  loans to homeowners, renters and businesses to cover damage related to the September storm.

Much of Northern Virginia, all of the District of Columia, and, in Maryland -- Montgomery, Prince George's and Charles counties -- qualify for the SBA disaster assistance. But the deadline to apply for aid due to physical damage is coming up January 16.

Hundreds of homes and businesses were destroyed or sustained major damage due to the violent weather.

Loans up to $200,000 are available to homeowners to replace or repair damaged or destroyed real estate. Homeowners and renters are eligible for up to 40- thousand dollars toward personal property. Businesses and nonprofits may borrow up to $2 million.

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