SBA Offers Low-Interest Loans In Rebuilding NC

The U.S. Small Business Administration says its loans are available to homeowners, renters and businesses of all sizes in North Carolina's storm disaster zone.

The Small Business Administration said Friday interest rates are below three percent for homeowners and renters, three percent for non-profit organizations and four percent for businesses with repayment terms of up to 30 years. Loan amounts and terms are based on each applicant's financial condition.

Homeowners may be eligible for up to $200,000 to repair or replace real estate damaged by Saturday's deadly storms, plus up to $40,000 to repair or replace personal property like vehicles.

Renters may be eligible for loans of up to $40,000 to repair or replace their possessions.

The first step is registering with the Federal Emergency Management Agency.

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  • by Smiley09 Location: colerain on Apr 25, 2011 at 12:25 PM
    Who wants to get in debt after losing everthing you have ever owned.
  • by Anonymous on Apr 22, 2011 at 11:26 AM
    Thank you for the increase in debt for me. That is so kind. I'll have no problem paying it back. The money grows on trees around here. I wish I didn't have a job so I could be poor and get a free house. But I make 22,000 a year so the government says I'm not poor. So I pay for my healthcare, pay taxes, work, pay for my home and car and.... I think I'll just get fat and go on disability. I can say I'm an injured vet (and to those who truly are no offense) or claim I was a hard working person til I got "injured", but now with disability I can drive, stay on computer for hours, work in yard, work under the table, do drugs, drink, party, etc. No wonder there are so many bums in this country. It's profitable!!!
  • by Andy Nonomus on Apr 22, 2011 at 10:40 AM
    The Federal Government will give BILLIONS of dollars to foreign countries when they have a natural disaster but when we have one all you can get is a loan.
    • reply
      by Anonymous on Apr 22, 2011 at 11:27 AM in reply to Andy Nonomus
      Be quiet and PAY YOUR FAIR SHARE. Don't you realize us democrats know what is best for everybody. And us republicans talk a big game and be assured we will work hard to accomplish nothing!!!
      • reply
        by Anonymous on Apr 22, 2011 at 12:10 PM in reply to
        We would not have to give money to foreign countries if we did not invade them...enter Afghanistan and Iraq...wait, that was George Bush
        • reply
          by Anonymous on Apr 22, 2011 at 02:10 PM in reply to
          You are completely clueless. We give billions and it goes to almost every country in the world. As "aid"!
  • by Frances on Apr 22, 2011 at 10:10 AM
    We can give billions and millions to other countries, but when it comes to our own people needing help, where is the help that other countries get?
    • reply
      by Anonymous on Apr 22, 2011 at 11:32 AM in reply to Frances
      It's called diplomacy! Remember the democrat mantra? "We don't want to drive them into the arms of the Soviets". Oh yeah that's right the USSR doesn't exist anymore. Well it's hard to change old habits. Be quiet and pay your fair share! Well, Republicans won't change it. If we don't give them money then they'll hate us; oh, that's right they hate us anyway. Well, let's give these countries money so they don't really double dare hate us!!!!
      • reply
        by me on Apr 23, 2011 at 07:52 AM in reply to
        way to go yall sit up here and talk your trash you dont even no what you are talking about at least half of yall
        • reply
          by Anonymous on Apr 23, 2011 at 02:10 PM in reply to me
          Awwwwww! poor boy!

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