Today Is The Deadline For April 25th Storm, Tornado Disaster Loans

Jul 14, 2014

Business and home owners and renters whose property was damaged in the April 25 storms and tornadoes have until today to apply for disaster loans from the federal Small Business Association.
Credit Blair Busby

Victims of severe storms and tornadoes that swept through 12 coastal counties in late April are eligible for federal disaster relief loans, if they turn in their applications today.

Business and homeowners, and renters, can apply for loans of varying levels from the Small Business Association. Interest rates are from 2 to 3 percent and can be paid off over 30 years.

Jay MacKenna of the SBA says these loans cover physical and property damage.

“There's no obligation to take the loan if you decide that you don't need it or decide to go in another direction, but I would encourage each disaster survivor to apply.”

The disaster declaration applied to Beaufort, Camden, Chowan Craven Gates, Hyde, Martin, Pamlico, Pasquotank, Perquimans, Pitt and Washington Counties.