READING, Pa. — There's still time for people in Berks County to apply for a federal loan from the Small Businesses Administration to deal with damage caused by Tropical Depression Ida in September.

The SBA continues to operate a center at the Berks Fire Training Center on Morgantown Road in Reading. It will be open Tuesday and Wednesday from 9 a.m. until 6 p.m. It will close for good at 4 p.m. on Thursday.

Low-interest loans of up to $200,000 are available to homeowners and renters to repair or replace damaged or destroyed real estate, and SBA regulations also permit loans up to $40,000 to repair or replace damaged personal property, including vehicles, officials said.

Businesses and nonprofit organizations can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and other physical losses.

Economic injury disaster loans are also available to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact, regardless of whether the business suffered physical damage from the storm.

Interest rates are as low as 2.855% for businesses, 2% for nonprofit organizations, and 1.563% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

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