Folks with the U.S. Small Business Administration (SBA) are in town on outreach for disaster recovery for severe storms and tornados that occurred on March 31 and April 1. The SBA has low-interest loans for physical damage for homeowners, renters, private nonprofits, and businesses. In addition, they have Economic Injury Disaster Loans (EIDL) that do not require any physical damage by the borrower for private nonprofits and small businesses. The EIDL is a working capital loan to help pay for ordinary and necessary operating expenses to recover from revenue loss.
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