SBA Offers Loans to Hurricane Victims
The SBA provides low-interest disaster loans to businesses, non-profits, homeowner, and renters. These loans help victims repair or replace real estate, machinery, equipment, inventory, and other business assets.
FEMA addresses immediate needs (food, water, and shelter), but the SBA is a partner for long-term recovery.
Victims may qualify for SBA loan deferment as well. Business owners in Texas and in Florida can apply for assistance at the SBA Disaster Assistance Site.
Layering Loans: WBD Experts talk 504 and 7(a) Loans on ‘Biztalk’ Radio Program
Recently, WBD Senior Vice President and Senior Lender Jason Monnett teamed up with WBD Vice President and Loan Officer Matt Wilcox to talk all things 504 and 7(a) on the “BizTalk with SCORE” radio program.
The experts explained how WBD helps small businesses in the Fox Valley grow and create jobs through an SBA 504 or a 7(a) loan—sometimes both by layering loans to support different parts of the process.
SCORE is a non-profit that provides supports small business growth and goals. With over 300 chapters in the U.S., SCORE is supported by the SBA in its mission to foster vibrant small business communities through mentoring and through educational programs.