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Loans Available For Businesses, Homes Damaged By San Marco Tornado

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Austin Luffman via News4Jax

Financial help is available for Jacksonville residents and business owners affected by last month’s San Marco-area tornado. The U.S. Small Business Administration is offering low-interest loans to help with cleanup.

The tornado traveled nearly three miles after forming near the east bank of the St. Johns River on the evening of April 25.

Loans are now available after Florida Gov. Rick Scott requested a disaster designation this month. Businesses of any size and nonprofit organizations may borrow up to $2 million to repair or replace damaged real estate, machinery, or inventory. Homeowners and renters are eligible for loans up to $40,000 for damaged property.

Loan specialists will be available at the Henry Jones Community Center on Grant Road through Tuesday, May 19, to answer questions and help with applications. 

Applicants may also apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

Jessica Palombo oversees local news at WJCT News 89.9 and Jacksonville Today. With a master’s degree in broadcast and digital journalism from Syracuse University and bachelor's in journalism from the University of Florida, Jessica is a nearly lifelong resident of Jacksonville. You may have once seen her on a local community theater stage. These days, you can most likely catch her reading a book in a school pickup line.