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Disaster-relief loan center now in Troy

Published 8:12pm Tuesday, January 15, 2013

The U.S. Small Business Administration will be in Pike County today through Jan. 18 and Jan. 22 through Jan. 26 to offer low-interest disaster relief loans to those affected by tornadoes that ripped through Pike County on Christmas Day.

Hours are 9 a.m. to 6 p.m. Monday-Thursday; 9 a.m. to 5 p.m. Fridays, and 9 a.m. to 3 p.m. Jan. 26.

The SBA will be located at the Troy Public Library on 500 East Walnut Street.

“It is a wonderful thing when a community pulls together to assist its citizens who have been displaced through unforeseen and unfortunate circumstances,” said Troy  Public Library Director William White. “This being the case, we at the library are pleased to offer our facilities in support of this program.”

Residents and businesses affected by the December storms can apply for low-interest disaster relief loans from the SBA. Interest rates are as low as 1.750 percent for renters and homeowners, 2.875 percent for non-profits, and four percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial conditions.

“I am very grateful for the opportunity given to our citizens after the weather crisis of Christmas night”, said Reeves. “We are grateful to Governor Bentley, the Emergency Management Agency, and the Troy Public Library for their collaborative efforts in helping the affected citizens during this difficult time,” said Troy Mayor Jason A. Reeves.

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