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SBA to provide disaster loans for seven Iowa counties

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Gov. Kim Reynolds announced Tuesday that the U.S. Small Business Administration has granted her request to provide assistance in the form of low-interest disaster loans for Marshall County, along with six contiguous counties affected by the July 19 tornado and severe weather event. “I saw first-hand the tornado damage in Marshalltown,” Reynolds said in a release. “Luckily, initial assessments revealed most of the damage is covered by insurance. However, we must look at every opportunity to help impacted Iowans, whether that is through state programs or federal assistance via the SBA or other agencies.” Affected residents and business owners in Marshall, Grundy, Hardin, Jasper, Poweshiek, Story and Tama counties will be able to apply for low-interest loans from the SBA. For the detailed announcement from the SBA, click here.