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Released: November 06, 2012
Low-interest government loans to help with storm damage
Source: Ann Carrns, N.Y.Times
Even if you don’t own a business, you may be eligible for a disaster loan from the federal Small Business Administration to help repair damage to your home from Hurricane Sandy. Odd as it may sound, the S.B.A. administers low-interest loans to homeowners (as well as to businesses and non-profits) in disaster areas. The loans are meant to finance repairs not covered by insurance. Loans of up to $200,000 are available to replace or repair your main home. And both homeowners and renters may be eligible for loans of up to $40,000 for damage or destroyed personal property.Read Full Article: Low-interest government loans to help with storm damage
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