United Group Insurance

Iowa Tornado-Disaster Loans – SBA loans available for tornado recovery in Iowa


May 5th, 2011 by Ric Hanson

State officials say the Small Business Administration is offering low-interest loans to help homeowners, renters and businesses in 14 Iowa counties recover from a rash of tornadoes that hit the state last month. There were at least 18 twisters in Iowa on April 9, including one that slammed into Mapleton.

Gov. Terry Branstad’s office says Thursday that the SBA has declared a disaster following Branstad’s request, which was originally made for Monona and Pocahontas counties. The declaration also makes assistance available in 12 other counties – Buena Vista, Calhoun, Clay, Crawford, Harrison, Humboldt, Ida, Kossuth, Palo Alto, Sac, Webster and Woodbury.

Disaster loans up available to businesses and homeowners to repair or replace buildings, equipment and homes, and to homeowners and renters to replace personal property.