Alabama businesses and residents who suffered damage due to Hurricane Zeta on Oct. 28-29, 2020 can rebuild stronger by applying for a Small Business Administration (SBA) disaster loan that includes funding to reduce property damage in the future. Businesses of all sizes, private nonprofit organizations, and homeowners and renters are eligible to apply for the low interest disaster program offered by SBA. Please keep in mind the approaching Feb. 8 deadline for physical damage applications.
SBA disaster loans for physical damages are eligible for additional money to cover the cost of improvements to protect the property against damage from similar events in the future. Mitigation loan money is in addition to the amount of the approved loan and can be up to 20 percent of the total amount of physical damage, as verified by SBA, up to $200,000 for home loans.
Please call AL Lead PAS, Terrell Perry if there are any questions at (404) 387-8716.
SBA Disaster Loans Offer Protection
SBA Disaster Loans Offer Protection (Spanish)