Federal disaster loans available for Nevada small businesses affected by virus

LAS VEGAS (KSNV) — Federal disaster loans are now available for small businesses in Nevada that have been affected by the coronavirus outbreak and ensuing issues.

The U.S. Small Business Administration said Thursday that low-interest loans will be available for businesses to address debt, payroll or other bills.

"SBA is strongly committed to providing the most effective and customer-focused response possible to assist Nevada small businesses with federal disaster loans," SBA Administrator Jovita Carranza said in a press release. "We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19)."

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The administration will have customer service representatives available to answer questions about the loan program and the application process.

The interest rate for loans is 3.75% for small businesses and 2.75% for non-profit organizations.

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To learn more, visit disasterloan.sba.gov/ela.