Loans for small businesses hit by drought

Small businesses in Georgia affected by drought are now eligible for federal disaster loans. Examples includes companies in the landscaping and nursery industry, but not agriculture producers. The loans are for up to $1.5 million dollars at 4% over 30 years. They are handled by the Small Business Administration. Filing applications are March and June.

GA tornado victims can get federal disaster loans

Georgians hit by March’s tornadoes will be eligible for millions in federal disaster assistance loans. The Small Business Administration says it’s already approved 125 home and business disaster loans for Georgia victims. Homeowners can get up to $200,000 in loans to repair or replace damaged real estate. Businesses of any size can borrow up to $1.5 million dollars.