SBA Offers Low-interest Wildfire Disaster Loans to Washington Businesses

The U.S. Small Business Administration is offering low-interest disaster loans to Washington businesses, nonprofits and residents affected by the wildfires.

The federal agency has declared its own disaster declaration to make the loans available in Chelan, Douglas, Ferry, Grant, King, Kittitas, Lincoln, Okanogan, Skagit, Snohomish and Whatcom counties.

The loans are available to businesses of all sizes, most nonprofit organizations, homeowners and renters who property was damaged or destroyed in the fires.

Businesses can borrow up to $2 million to replace damaged real estate, machinery, equipment, inventory and other business assets.

Related:

• Officials Say Washington Wildfire Was Human-Caused
• Washington Wildfire Disaster Declaration Approved by President
• $198M in Property at High Risk from Chelan Wildfire in Washington