Brian Beard, Public Affairs Specialist with the Small Business Administration (SBA), explains the loan process for homeowners, renters, businesses, and non-profits affected by Hurricane Helene. Brian explained that SBA loans can cover damage not covered by insurance or FEMA, including deductibles and partial coverage. He also mentioned that SBA loans have lower interest rates than credit cards or bank loans, and can replace more expensive debt. Brian further clarified that SBA loans do not require collateral or closing costs for amounts up to $50,000, and there's no interest or payments for the first year.