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.