The federal government opened disaster loan centers in two North Carolina cities that were flooded by remnants from Tropical Storm Fay last month.
The U.S. Small Business Administration said centers opened Sept. 13 in Charlotte and Concord. The centers will remain open until further notice so people can apply for emergency loans.
Homeowners can apply for loans up to $200,000. Renters can apply for loans up to $40,000. Businesses and nonprofit groups can borrow as much as $2 million. Interest rates are 2.875 percent for homeowners and renters and 4 percent for businesses.
The Concord center will be at the old Cabarrus County Sheriff’s Office. The Charlotte center will be at the Hal Marshall Annex.
___
On the Net:
SBA: http://www.sba.gov/services/disasterassistance.
Topics North Carolina
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
