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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 milesafter 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 supervises local news gathering and production, podcasts and web editorial content for WJCT News, ADAPT and Jacksonville Today. She is an award-winning writer and journalist with bylines including NPR, Experience Magazine, and The Gainesville Sun. She has a master’s degree in broadcast and digital journalism from Syracuse University and is an alumna of the University of Florida. A nearly lifelong resident of Jacksonville, she considers herself lucky to be raising her own children in her hometown. Follow Jessica Palombo on Twitter: @JaxJessicaP