SBA disaster loan still available for Mangkhut - KUAM.com-KUAM News: On Air. Online. On Demand.

SBA disaster loan still available for Mangkhut

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Guam businesses and residents can still apply for a Small Business Administration federal disaster loan for property damage caused by Typhoon Mangkhut.

The deadline to apply is Feb. 5.

Businesses of all sizes, most private non-profit organizations, homeowners, and renters can apply for these low-interest federal disaster loans, Director Tanya N. Garfield of the U.S. Small Business Administration's Disaster Field Operations Center-West said.

Interested rates can be as low as 3.675 percent for businesses, 2.5 percent for private non-profit organizations and 2 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.

For more information, you can call the customer care center at 1(800)659-2955 or e-mail: disastercustomerservice@sba.gov.

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