SBA Loans Available to Arizona Residents Hurt By Flooding

October 7, 2014

Arizona business owners and residents affected by flooding earlier this month can apply for federal loans.

The U.S. Small Business Administration announced Thursday that low-interest disaster loans are available for Arizonans who sustained extensive damage from monsoon storms that hit Sept. 8.

SBA administrator Maria Contreras-Sweet says the agency declared the area a disaster in response to a request made by Gov. Jan Brewer on Tuesday.

flood_area-580x480The loan program will be offered to residents in Maricopa County and several neighboring counties.

Officials say the loans, which go up to $200,000, are for homeowners, renters, private businesses and nonprofits.

SBA representatives will be at designated Disaster Loan Outreach Centers in Phoenix, Mesa and Glendale through next week to answer questions.

The filing deadline for applications is Dec. 1.

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