Ed. note: This was originally posted on the SBA website.
On Sunday, I traveled with Secretary Napolitano, Secretary Vilsack, Secretary Donovan, Administrator Fugate, and others to Alabama and Mississippi. We saw communities that were devastated by the storms and tornadoes that hit one week ago today. We’re coordinating our resources and manpower across the federal, state, and local levels, working together more closely than ever to make sure that these hard-hit communities get the assistance they need as quickly as possible.
I met a woman who had lost her home, who was searching through the debris and had found only a few items worth keeping. I talked with her and others throughout the day about applying for low-interest SBA disaster loans of up to $200,000 for homeowners and up to $2 million for businesses. I encouraged them to go ahead and fill out an application, even if they’re waiting on an insurance settlement. I also explained Economic Injury Disaster Loans that help meet working capital needs even if a business didn’t have any property damage.
Smithville, Mississippi, was particularly hard hit. The Mayor said that over 100 homes were destroyed and every store on Main Street was either damaged or demolished. He and others in City Hall took shelter under the boardroom table in order to survive.
Source: http://www.whitehouse.gov/blog/2011/05/04/disaster-assistance-last-week-s-storms
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