SBA Offers Special Loans to Katrina Survivors

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September 6, 2005 by Dane Carlson | 0 Comments

Houston Chronicle:

Small-business owners across the stricken Gulf Coast are expected to turn to the federal government for financial help in getting their companies running again. The Small Business Administration’s disaster loan program is often the only salvation for companies without insurance, or whose insurance didn’t cover all the damage.

The SBA offers two kinds of loans for business owners in regions that have been declared federal disaster areas. Parts of Louisiana, Mississippi, Alabama and Florida have already received disaster declarations after Hurricane Katrina’s devastating pass through those states.