- Associated Press - Tuesday, April 7, 2015

TULSA, Okla. (AP) - The U.S. Small Business Administration has announced that low-interest federal disaster loans are available to Oklahoma businesses and residents affected by the severe storms that raked parts of the state last month.

Tuesday’s disaster declaration makes SBA assistance available in Canadian, Cleveland, Creek, Grady, McClain, Oklahoma, Okmulgee, Osage, Pawnee, Pottawatomie, Rogers, Tulsa, Wagoner and Washington counties.

Interest rates can be as low as 4 percent for businesses, around 2.6 percent for private, nonprofit organizations and about 1.8 percent for homeowners and renters with terms up to 30 years.

Loan amounts and terms are set by SBA and based on each applicant’s financial condition.

The deadline to return applications for property damage is June 8; the deadline to return economic injury applications is January 7.

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