Tuscaloosa tornado loans

Politics & Government
3:49 pm
Sun July 28, 2013

Tuscaloosa Offers $500K in Tornado Recovery Loans

Several Tuscaloosa neighborhoods were completely devastated by the April 27th tornadoes.
Maggie Martin/APR News

Tuscaloosa city officials will soon be taking applications for loans of up to $20,000 aimed at helping businesses rebuild in the city's tornado recovery zone.

The Tuscaloosa News reports (http://bit.ly/15TZchw) the Alabama Department of Economic and Community Affairs recently gave the city approval to use $500,000 for the loans. Businesses meeting certain terms will have their loans revert to grants, meaning the money won't have to be repaid.

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