Low-interest federal disaster loans are available to Iowa businesses and residents affected by the severe storms, tornadoes, straight-line winds and flooding that occurred June 6 – July 2, 2018, announced Administrator Linda McMahon of the U.S. Small Business Administration. SBA acted under its own authority to declare a disaster following the denial of the state’s appeal for a major disaster declaration on Dec. 5, 2018.
“SBA is strongly committed to providing Iowa with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “Beginning Thursday, Dec. 13, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Garfield continued. The center will be open on the days and times indicated below. No appointment is necessary. See the news release for more details.