Oklahoma Businesses: Disaster Loans Still Open for Storm Recovery
… not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills … help sustain local economies when a disaster occurs.” The loan amount can be up to $2 million with interest rates of 4% … are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based …