SAVANNAH, GA (WTOC) - Small business owners and individual homeowners impacted by Hurricane Matthew may be eligible for low-interest loans, but may not know their options.
The Small Business Assistance Corporation in Savannah offers a loan to small businesses affected by the hurricane. For small business owners, you can be loaned up to $30,000
It comes with a minimum 4.5 percent interest rate and a term of up to 35 months.
This can be in addition to other loans or assistance you may have. You don't necessarily have to have building damage to apply.
"Food spoilage because you know how it's gone, there have been some lost wages so they need working capital to do that, and they really just need a lot of working capital just to get back up and going," said Small Business Assistance Group Vice President Stephen George.
As for individual assistance for homeowners. There is help for you as well through FEMA.
If you live in Bryan, Bulloch, Chatham, Effingham, Glynn, McIntosh or Wayne counties in Georgia, you can apply for a loan of up to $200,000 to make home repairs or up to $40,000 to replace damaged personal property, including cars.
The term on these loans is up to 30 years with about a 1.5 percent interest rate.
FEMA provides loans for small business owners as well with different rates and amounts.