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Low-Interest Loans Available for Washoe County Flood Victims

RENO, Nev. (AP) — The U.S. Small Business Administration is offering low-interest federal disaster loans to businesses and residents affected by severe storms and flooding in Washoe County.

Gov. Brian Sandoval and state Emergency Management Chief Caleb Cage issued a statement Thursday urging flood victims to take advantage of the assistance.

Businesses can borrow up to $2 million for any combination of property damage or economic injury resulting from last month’s flooding.

Homeowners can borrow up to $200,000 to repair or replace their primary residence. Homeowners and renters also can get a loan for up to $40,000 to replace personal property.

Interested applicants should call the Small Business Administration at 800-659-2955, or apply on line at https://disasterloan.sba.gov/ela.

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