Home, business disaster loans available for storm victims

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MOORE, Okla. – While FEMA denied a request for assistance, the Small Business Administration is offering low-interest loans to homeowners and businesses that were affected by the March 25 storms in Tulsa and Cleveland counties.

Organizers say they are providing low-interest disaster loans to those who suffered losses caused by the tornadoes, severe storms, straight-line winds and flooding that occurred March 25 and March 26.

The disaster declaration makes SBA assistance available in Canadian, Cleveland, Creek, Grady, McClain, Oklahoma, Okmulgee, Osage, Pawnee, Pottawatomie, Rogers, Tulsa, Wagoner and Washington counties.

Homeowners are eligible for up to $200,000 to repair or replace real estate and up to $40,000 to replace personal property.

Renters are eligible for up to $40,000 to repair or replace personal property.

Businesses are eligible for up to $2 million to repair or replace real estate, machinery and equipment, inventory and other assets that were damaged or destroyed.

Small businesses and most private non-profit organizations suffering financial impacts from the disaster are eligible for up to $2 million for working capital to help pay obligations until normal operations resume.

SBA representatives will be at the Emergency Operations Center, located at 110 E. Broadway St. in Sand Springs, Monday through Friday to meet with disaster victims.

That office will be open from 8 a.m. to 5 p.m.

Representatives will also be at the Serve Moore Community Renewal Center, located at 224 S. Chestnut Ave. in Moore, on Monday through Friday.

That office is open from 9 a.m. to 5 p.m.

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