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

A picture of a house damged by a tornado.
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 applicationstoday.

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 saysthese 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.

Rebecca Martinez produces podcasts at WUNC. She’s been at the station since 2013, when she produced Morning Edition and reported for newscasts and radio features. Rebecca also serves on WUNC’s Inclusion, Diversity, Equity and Accountability (IDEA) Committee.
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