SBA Loans Available for Virginia Residents With Storm Damage

June 14, 2016

Low-interest disaster loans are available for people with damage from February’s storms to pay for repairs.

The U.S. Small Business Administration loans are available to homeowners, renters, business owners and nonprofits in and around Appomattox and Essex counties.

Homeowners can apply for loans up to $200,000 to repair and restore their homes. Personal property loans up to $40,000 also are available to homeowners and renters for repairs to personal items.

Businesses are eligible for $2 million in loans to repair or replace damaged property or to use as capital.

The Small Business Administration is scheduled to open a Disaster Loan Outreach Center in the Appomattox Community Center and in the Essex County Administration Building on June 14.

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