SBA loans available for businesses, organizations hit by storms - WALB.com, South Georgia News, Weather, Sports

SBA loans available for businesses, organizations hit by storms

(Source: SBA) (Source: SBA)
ALBANY, GA (WALB) -

The Small Business Administration says that businesses and private nonprofit organizations hit by January storms and tornadoes can borrow up to $2 million from the SBA.

This money can be used to repair or replace disaster damaged or destroyed real estate, inventory, machinery, equipment, and other business assets. 

The loans are available in these counties- Atkinson,  Baker, Ben Hill, Brooks, Calhoun, Coffee, Colquitt, Dodge, Dooly, Grady, Irwin, Lanier, Lee, Lowndes, Mitchell, Pulaski, Sumter, Telfair, Terrell, and Tift.

Interest rates are as low as 3.125% for businesses and 2.5% for nonprofit organizations, and 1.5% for homeowners and renters. You can takes up to 30 years to repay.  

You can register online at or on a mobile device here

You can call the FEMA toll-free helpline at 800-621-3362. 

You must return applications for physical property damage by March 27, 2017.  

The deadline to return economic injury applications is October 26, 2017.

Copyright 2017 WALB.  All rights reserved.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • 'Ram Rush' buses are full as ASU resumes

    'Ram Rush' buses are full as ASU resumes

    Friday, August 18 2017 4:10 PM EDT2017-08-18 20:10:26 GMT
    ASU Ram Rush buses (Source: WALB)ASU Ram Rush buses (Source: WALB)

    ASU students are taking advantage of a new partnership with the city of Albany. Since Monday, the new "Ram Rush" buses are shuttling students from both the east and west campuses. 

    More >>

    ASU students are taking advantage of a new partnership with the city of Albany. Since Monday, the new "Ram Rush" buses are shuttling students from both the east and west campuses. 

    More >>
  • Solar eclipse: How will animals react?

    Solar eclipse: How will animals react?

    Friday, August 18 2017 4:01 PM EDT2017-08-18 20:01:47 GMT
    Bats could come out during totality (Source: WALB)Bats could come out during totality (Source: WALB)

    As the day goes dark Monday afternoon, it could cause animals to show some wacky behaviors.

    More >>

    As the day goes dark Monday afternoon, it could cause animals to show some wacky behaviors.

    More >>
  • ASU Police prepare for campus carry workshop

    ASU Police prepare for campus carry workshop

    Friday, August 18 2017 4:00 PM EDT2017-08-18 20:00:03 GMT

    ASU Police know you have questions with the new campus carry law in effect for firearms. And next week, you'll have a chance to get some answers. 

    More >>

    ASU Police know you have questions with the new campus carry law in effect for firearms. And next week, you'll have a chance to get some answers. 

    More >>
Powered by Frankly