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Low interest loans available through Small Business Administration

The Florida Small Business Development Center at the University of West Florida, along with several local-area chambers of commerce will host a press conference today.

Representatives from the Federal Emergency Management Agency, the State Emergency Response Team and the U.S. Small Business Administration will be at the Mobile assistance center to answer any questions regarding disaster loans and federal assistance.

Ray Harbour is with the small business administration and says they are here to help businesses affected by the recent severe storm and flooding.

"We are the arm of the U.S. Federal Government that provides up to $2 million for businesses with rates as low as four-percent and as long as 30 years," said Ray Harbour, Public Affairs Specialist at the SBA Office of Disaster Assistance.

They are here to work with all different types of businesses across Northwest Florida.

"The declaration is for Escambia, Santa Rosa and the economic impact in Okaloosa county as well."

They work closely with the small business development center, which is run through the University of West Florida.

Dan Cavanaugh manages the center and says they can help format the paper work the SBA needs to process your loan application.

"We understand what they need in the way of paperwork documentation and information that relates to and will support their claims," said Dan Cavanaugh,  Manager UWF Small Business Development Center.

The center is equipped with laptops and printers to assist businesses with their recovery.

Cavanaugh said, "We use those to do research for clients so we are involved with types of business planning and assistance."