U.S. Small Business Administration approves more than $25M in disaster loans for state

The U.S. Small Business Administration has approved more than $25 million in federal disaster loans for Oklahoma homeowners, renters and businesses damaged in tornadoes and other severe storms between May 18 and June 2.
by Jay F. Marks Modified: July 12, 2013 at 10:20 pm •  Published: July 13, 2013
Advertisement
;

Also ...

Small business agency OKs $25M in state disaster loans

The U.S. Small Business Administration has approved more than $25 million in federal disaster loans for Oklahoma homeowners, renters and businesses damaged in tornadoes and other severe storms between May 18 and June 2.

“SBA's disaster assistance employees are committed to helping Oklahoma residents rebuild their homes and businesses as quickly as possible,” said Dorothy Overal, director of SBA's Oklahoma district.

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

Businesses and nonprofit organizations may borrow up to $2 million to repair or replace damaged real estate, machinery and equipment, inventory and other business assets.

Applicants may apply for an SBA disaster loan online at disasterloan.sba.gov/ela.

Storm victims are encouraged to register with the Federal Emergency Management Agency by Friday to qualify for SBA assistance.

“Don't miss out on any assistance you may be entitled to by not registering for help,” Overal said.

Individuals and business owners whose property was damaged by recent storms can register by calling (800) 621-3362. Individuals who are deaf or hard of hearing may call via TTY at (800) 462-7585.

From staff reports


by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
+ show more


Trending Now


AROUND THE WEB

  1. 1
    This company wants to replace your car with a fleet of Teslas and electric bikes
  2. 2
    Viral 'Walmart shoplifting' video in Coweta leads to charges
  3. 3
    Oklahoma woman to cops: I think my meth is laced
  4. 4
    Newspaper editor who used 'gaystapo' claims religious discrimination
  5. 5
    Reporter Attempts To Eat Dwayne 'The Rock' Johnson's Absurd 7 Meal Diet
+ show more