SBA Offers Loans for Flood-Damaged Businesses
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Small businesses and residents in Western Washington affected by Decembers flooding can now apply for loans from the Small Business Administration. Businesses can borrow up to $2 million for damaged property, while homeowners can get up to $500,000 for their primary residence. Renters and owners can borrow up to $100,000 for personal items. Outreach centers are opening across the region, with applications due by April 27th for physical damage and November 24th for economic injury loans. The state has reported $182.3 million in damages, and Governor Ferguson has requested $173 million in federal aid. The Economic Injury Disaster Loan program offers low-interest loans to cover bills like payroll and debts. Apply online, by phone, or by email.
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