SBA approves more disaster loans for South Florida

WEAR ABC 3 News

SBA approves more disaster loans for South Florida
November 16, 2011 03:03 EST

TALLAHASSEE, Fla. (AP) -- The Small Business Administration has

approved more disaster loans for businesses and residents in South

Florida.

Gov. Rick Scott on Tuesday announced the SBA has approved his

second request for a disaster declaration for that area in less

than a month.

The new declaration covers severe storm damage and flooding Oct.

28-31 in Broward, Collier, Hendry, Miami-Dade and Palm Beach

counties.

The SBA last month approved a declaration for tornados and

severe weather that hit the same five counties on Oct. 18.

Homeowners can get loans of up to $200,000 to repair or replace

damaged or destroyed real estate. Homeowners and renters can get

loans of up to $40,000 to replace or repair damaged or destroyed

personal property.

Small businesses can get loans to meet disaster-caused working

capital needs.

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SBA approves more disaster loans for South Florida

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