Kids Day 2007 promises fun for all
July 3, 2007þStocks of Local Interest
July 5, 2007(AP) Owners of small businesses who missed a deadline last year to apply for disaster loans have another chance to apply for help recovering from the 2005 hurricanes.
Businesses that received earlier loans from the Small Business Administration can apply, too, but must count the earlier loans toward an overall cap of $1.5 million.
They must have been operating when Hurricanes Dennis, Katrina, Rita or Wilma struck to apply for loans to recover from those storms.
A bill signed May 25 authorizes the SBA to offer the Economic Injury Disaster Loans, SBA Administrator Steven Preston said this week.
The loans can be paid off over 30 years, at 4 percent interest. Application forms and free assistance for applicants are available at local SBA Disaster Loan Outreach Centers.
