Small business loans available in disaster areas - KOTA Territory News

Small business loans available in disaster areas

Posted: Updated:

PIERRE, S.D. (AP) - Low-interest Small Business Administration loans are available to South Dakotans hit by flooding or a tornado.

SBA has issued a disaster declaration for homes and businesses damaged June 13-20.

That makes low-interest loans available in the primary counties of Jerauld and Lincoln, as well as neighboring counties of Buffalo, Hand, Beadle, Sanborn, Aurora, Brule, Minnehaha, Turner, Clay and Union.

People may visit SBA outreach centers starting Wednesday in Wessington Springs and Canton, and Monday in Elk Point.

Disaster loans up to $200,000 are available to homeowners for real estate. Homeowners and renters are eligible for up to $40,000 for personal property. And businesses may borrow up to $2 million for real estate, machinery and equipment, inventory and other business assets.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.