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SBA steps up with low-interest flood recovery loans

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Loans at interest rates lower than most banks charge will be the third facet of help for victims of the late-June deluge. The U.S. Small Business Administration extends its low-cost loans after disasters, but typically only when the Federal Emergency Management Agency offers individual assistance. FEMA shot down a request to provide individual assistance and instead offered public assistance to help affected municipal entities. The June 28 disaster that claimed the life of a Fort ...


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