U.S. Small Business Administration Offers Loans to People Affected by Heavy Snowfall
Small businesses and residential owners can borrow small loans
ALASKA - After tons of snow fell on Prince William Sound this winter, the federal government says it is ready to help.
The Small Business Administration is offering low interest loans to anyone who may have suffered damages as a result of heavy snows that blanketed the area in January.
The loans are available to homeowners, renters, businesses, and non-profits whose buildings or property were damaged by the heavy snowfall.
A homeowner can borrow up to $200,000 to repair or replace their primary residence. Homeowners and renters are allowed up to $40,000 for personal property.
If a business has suffered any combination of property damage or economic injury, businesses may borrow up to $2 million.
You can send in a paper application to the U.S. Small Business Administration at: 14925 Kingsport Rd., Ft. Worth TX 76155-2243.