Government approves loans for tornado damage

Residents and business owners affected by storms that dropped a tornado on Caddo County last month may be eligible for low-interest loans through the federal government.

Tuesday, June 30th 2009, 11:27 am

By: News 9

Government approves loans for tornado damage

OKLAHOMA CITY (AP) -- Residents and business owners affected by storms that dropped a tornado on Caddo County last month may be eligible for low-interest loans through the federal government.
   U.S. Small Business Administration Administrator Karen Mills announced Monday that the loans of up to $200,000 are available to replace real estate damaged or destroyed in the May 13 tornado.
   People who had personal property damaged can apply for loans of up to $40,000.
   Residents and businesses in Caddo County and the neighboring counties of Blaine, Canadian, Comanche, Custer, Grady, Kiowa and Washita are eligible to apply for the loans.