National
Are you ready for disaster? If not, here's the money to help you prepare.
The SBA has launched a five-year pilot program to help small
businesses in 118 disaster-prone communities prepare for
hurricanes, tornadoes, floods and earthquakes.
Under the SBA's Pre-Disaster Mitigation Loan Program,
eligible entrepreneurs can apply for low-interest loans to finance
disaster-prevention improvements such as installing fireproof
roofing or upgrading buildings to structures that can better
withstand the tremors caused by earthquakes or high winds.
Congress has allocated $15 million annually for the program.
Business owners can apply for as much as $50,000 at a 4 percent
interest rate for up to 30 years.
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To determine whether your community qualifies, visit the Federal
Emergency Management Agency Web site (http://www.fema.gov) and click on the
Project Impact icon. To find out annual deadlines for filing
applications or to get additional information about the loan
program, visit http://www.sba.gov/disaster or
call (202) 205-6743.
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