- Associated Press - Thursday, August 20, 2015

SHREVEPORT, La. (AP) - The Small Business Administration is keeping open a bit longer a center handling disaster loans related to Red River flooding.

The SBA says it will keep its disaster loan center in Shreveport open until Aug. 28. The SBA offers a variety low-interest loans to help businesses and residents recover from the flood.

The Red River caused flooding between mid-May and June 20 this year.

The loans can be used to replace damaged real estate, machinery, equipment and inventory. The agency also lends money to homeowners and businesses to avoid future flooding and provides disaster loans to homeowners and renters.

The agency has set a deadline of Sept. 28 by which to return applications for property damage and a deadline of April 29, 2016 for economic injury applications.

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