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Fifth Ward residents, businesses, and nonprofit organizations are eligible for financial assistance from the U. S. Small Business Administration (SBA). For more details, click here.
What Types of Disaster Loans are Available?
Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery, and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
The application deadline for physical damages related to this disaster is October 19th.
The SBA is operating a disaster loan outreach center at the Hazel Crest Municipal Building, 3601 183rd Street, Hazel Crest, 60429, Monday-Friday, 8 a.m. to 5 p.m., and Saturday, 10 a.m. to 2 p.m.
To discover whether you qualify for a loan program, click here.
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