<img src="http://valdosta.sgaonline.com/headlines/9.gif"/> SBA flood loan deadline today

Local News

November 23, 2009

The Associated Press Associated Press Mon Nov 23, 2009, 08:32 AM EST

ATLANTA — Monday marks the deadline for almost 20,000 flood victims in Georgia who picked up applications for Small Business Administration loans but have not returned them yet.

SBA spokesman Richard Daigle says the applications must be postmarked by Monday.

The loans cover losses not covered by flood insurance or federal grants. Already the SBA has approved more than $40 million in disaster loans related to September's historic flood.

A homeowner can receive up to $200,000 in loans for real estate loss and up to $40,000 in loans to replace an automobile or furniture or other personal items. Renters can receive up to $40,000 in loans for the contents of their apartment. Businesses can receive loans up to $2 million.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

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