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06/10/2024
U.S. Small Business Administration is providing a disaster loan program for Baxter County homeowners, renters, business owners and nonprofits who have been impacted by the severe storms, straight-line winds, tornadoes, and flooding that hit the area from May 24-27, 2024.
Please see the English and Spanish fact sheets below for this Presidential declaration. Additional information about this event is available online at: https://lending.sba.gov/search-disaster/?disaster=AR-20007
Some of the key points of an SBA disaster loan are:
- There is no cost to apply and there is no obligation to take the loan, if approved.
- In addition, there is no repayment requirement for the first 12 months.
- Interest does not accrue for the first 12 months.
- The interest rates are as low as 2.688% for homeowners and renters, as low as 4% for business and as low as 3.25% for nonprofit organizations.