SBA offering low-interest loans to individuals - WCAX.COM Local Vermont News, Weather and Sports-

SBA offering low-interest loans to individuals

Burlington, Vermont - October 24, 2011

While FEMA has handed out millions in emergency grants to flooded homeowners, there is also relief available in the form of low-interest loans.

The Small Business Administration has issued 5,842 loan applications to homeowners and businesses in Vermont. 842 have been returned, and 276 applications have been approved -- totaling over 16-million dollars. SBA loans can cover rebuilding expenses and can also help bridge the gap when insurance claims are delayed.

SBA officials are urging those who have received applications to submit them -- even if you don't want a loan. Because reviewers may discover that you are eligible for additional grants from FEMA.

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