Deadline approaches to apply for McKinley Fire disaster relief
The McKinley Fire devastated the Mat-Su Borough this August, and people looking to get some help paying for repairs have until Monday, Dec. 2 to apply for federal disaster loans from the Small Business Administration.
A news release from the administration says “businesses of all sizes, most private nonprofit organizations, homeowners and renters may apply for SBA federal disaster loans to repair or replace disaster-damaged property.”
Organizations can borrow up to $2 million to repair or replace real estate, machinery, equipment, inventory and other assets.
Homeowners are eligible for loans up to $200,000 for real estate; homeowners and renters can borrow up to $40,000 for personal property.
Interest rates vary from as low as 1.75% for homeowners and renters to 4% for businesses.
The loans are available for people and organizations in the Matanuska-Susitna Borough and the adjacent areas of Chugach Regional Educational Attendance Area, Copper River REAA, Delta/Greely REAA, Denali Borough, Kenai Peninsula Borough and Municipality of Anchorage.
Applicants can learn more about the types of loans available and apply online at the SBA website.
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