Feds offer Small Business Administration loans for storm-struck coastal residents

bsiceloff@newsobserver.comNovember 9, 2012 

The U.S. Small Business Administration will open a disaster loan outreach center at Kill Devil Hills for a few days next week to help businesses and permanent residents apply for loans to cover property damage from Hurricane Sandy in Dare, Currituck, Hyde and Tyrrell counties.

The SBA office will be located at the Thomas Baum Senior Center, 300 Mustian St., Kill Devil Hills, from Wednesday, Nov. 14, through Saturday, Nov. 17, and Monday, Nov. 19. Office hours are 8:30 a.m. - 5 p.m. weekdays and 10 a.m.- 2 p.m. Saturday. The office will be closed Sunday, Nov. 18.

Loans are available for up to $200,000 for homeowners to repair or replace damaged or destroyed real estate, and up to $40,000 for homeowners and renters to repair or replace personal property, at interest rates as low as 1.688 percent. Some storm victims may be eligible for state grants.

Anyone unable to visit the Kill Devil Hills office can apply by phone or online via the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or https://disasterloan.sba.gov/ela/.

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