Businesses and residents recovering from tornado damage can now apply for small loans

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GAINESVILLE, Fla. (WCJB) – Residents of several north central Florida counties can now apply for small loans from the US Small Bussiness Administration (SBA) to help clean up the March 12 tornado.

Businesses, nonprofits, homeowners, and tenants in Marion, Alachua, Levy, Putnam, and other counties bordering Marion can apply for loans. Homeowners can borrow up to $200,000 for their uninsured or underinsured losses, and renters and homeowners can borrow up to $40,000 for damaged home contents, said Julie Garrett, public affairs specialist for the American SBA. And that also includes their vehicles, she said.

The loans are low interest, with no application fees, no closing costs, Garrett said. Three separate loan programs are available, including physical injury, economic, and household disaster.

Businesses can apply online with SBA for this link.

SBA Disaster Lending Awareness Center (DLOC)

Marion County – Ocala Public Library

2720 ​​E. Silver Springs Blvd. Ocala, Florida 34470

Opening: Monday April 4, 11 a.m. – 6 p.m.

Hours: Monday to Friday, 9:00 a.m. to 6:00 p.m.

Saturday, 10 a.m. – 2 p.m.

Closed: Sunday

Final closure: Saturday April 16 at 2 p.m.

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