Governor Brian Sandoval and Nevada Division of Emergency Management Chief Caleb Cage, have announced the U.S. Small Business Administration is making low-interest federal disaster loans available in Washoe County, to businesses and residents affected by storms and flooding that occurred in February. Cage says affected homeowners should inventory items that have been damaged or destroyed, and take advantage of SBA’s low-interest disaster loans. Businesses may borrow up to $2 million for any combination of property damage or economic injury.
Homeowners may borrow up to $200,000 to repair or replace their primary residence. Homeowners and renters may borrow up to $40,000 to replace personal property. Call SBA at (800) 659-2955