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Tue July 28, 2009
Agency offers low-interest loans to storm victims
Casper, Wyo. – The Small Business Administration is offering low-interest federal disaster loans to residents and business owners who suffered property damage in recent Wyoming flash-flooding.
The SBA declared the disaster in response to Gov. Dave Freudenthal's request last week. The disaster declaration applies to Natrona, Albany, Carbon, Converse, Fremont, Johnson and Washakie counties.
The administration says interest rates can be as low as 2.4 percent for homeowners and renters, and 4 percent for businesses with terms up to 30 years.
Homeowners can apply for loans of up to $200,000 repair or replace damaged real estate. Businesses and nonprofit organizations may borrow up to $2 million to repair damaged property or other assets.
SBA officials are available for consultation at the Natrona County Agricultural Resource and Learning Center in Casper.