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Low-Interest Loans Approved For Tornado Recovery

Carl Nelson

People and businesses in DeKalb and eight other northern Illinois counties now are eligible to apply for low-interest, long-term loans from the U.S. Small Business Administration (SBA) to help them recover from the April 9 tornado.

According to a news release,  on May 29, Governor Bruce Rauner submitted a request for assistance after officials from the SBA, Illinois Emergency Management Agency (IEMA) and local officials surveyed damage and documented uninsured losses. That survey found 31 homes and seven businesses sustained major damages and had significant uninsured losses.

Anyone affected by the April 9 tornadoes in DeKalb County and the contiguous counties of Boone, Kane, Kendall, LaSalle, Lee, McHenry, Ogle and Winnebago is now eligible to apply for a low-interest, long-term loan through the SBA.

More information about the disaster loan program and details about a Disaster Loan Outreach Center (DLOC) will be announced in the near future.

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