The federal Small Business Administration says March 11 is the deadline for disaster loan applications from people and businesses in 10 Alabama counties and three Mississippi counties affected by severe storms on Dec. 25-26.
SBA field director Frank Skaggs said low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Loans of up to $40,000 are available to homeowners and renters to replace personal property. Businesses and nonprofit organizations may borrow up to $2 million.
Alabama Gov. Robert Bentley says Mobile, Pike and surrounding counties have been approved for disaster assistance because of damage sustained in the Christmas Day outbreak of tornadoes.
Bentley says the assistance will come in the form of low interest loans from the U.S. Small Business Administration.
The two primary counties listed on the disaster declaration are Mobile and Pike. But it also includes Baldwin, Barbour, Bullock, Coffee, Crenshaw, Dale, Montgomery and Washington counties in Alabama and George, Greene and Jackson counties in Mississippi.