SBA Disaster Loans Available For Those Affected By January Storms

Mar 2, 2017

The federal government is offering assistance to northern Nevada businesses and homeowners affected by January's winter storms. Reno Public Radio’s Noah Glick reports. 

The Small Business Administration is now offering disaster loans for those affected by this year’s severe weather that caused widespread flooding and forced hundreds of evacuations.

Rick Jenkins is public information officer for the agency.

“For a homeowner, we have a low-interest rate of 1.5 percent,” he says. “For businesses, 3.125 percent. And we also make loans to private, non-profit organizations at 2.5 percent.”

In Nevada, residents in Washoe, Churchill, Humboldt, Lyon, Pershing and Storey counties, as well as Carson City are eligible. And in California, those in Lassen, Modoc, Nevada, Placer and Sierra counties qualify.

Jenkins says the damage has to be a result of the storms, flooding or mudslides that occurred between January 5-14.

An SBA disaster loan outreach center is open at the South Valleys Library in Reno through March 9. The deadline to submit an application for damages is April 24.