In a recent government meeting, Chassie Reed from the U.S. Small Business Administration (SBA) provided crucial information regarding disaster assistance loans available to homeowners, renters, nonprofits, and businesses affected by Hurricane Debbie. Reed emphasized the SBA's role in offering low-interest disaster loans, which are designed to help those impacted by natural disasters.

The interest rates for these loans are set at 2.83% for homeowners, 3.25% for renters, and approximately 4.0% for businesses. Homeowners can utilize these loans for real estate, while renters can apply for assistance for personal property. Additionally, businesses can access Economic Injury Disaster Loans, which are intended to support those who have suffered economic setbacks due to the hurricane, such as loss of power or reduced customer traffic.

Reed highlighted a significant change in the referral process from FEMA, noting that individuals are no longer automatically directed to the SBA for assistance. This has led to a lack of awareness among potential applicants about the resources available to them. She urged community members to spread the word about the SBA's services, which complement FEMA's support by offering additional financial options.

Reed reassured attendees that individuals who have previously received assistance for different disasters can apply again, as each situation is treated separately. The meeting concluded with an invitation for questions, underscoring the SBA's commitment to providing support and information to those in need during challenging times.