Loans Available For Businesses, Homes Damaged By San Marco Tornado

May 11, 2015

This photo was taken around the time of the tornado from San Marco Square on Saturday, April 25.
Credit 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.