Tuscaloosa tornado loans

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.