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Disaster loans available to Arizona businesses

The federal government is offering low-interest loans to small businesses in Arizona that were affected by flooding or winter storms.

Eligible businesses in six Arizona counties can apply to borrow up to $2 million from the U.S. Small Business Administration to replace damaged or destroyed property, equipment, inventory or other assets.

Homeowners and renters also can apply for funding.

The disaster declarations cover Coconino, Gila, Navajo and Yavapai counties as a result of an October flood on the Havasupai reservation that forced the evacuation of tourists and damaged critical infrastructure.

Mohave and La Paz counties are covered as a result of severe winter storms that hit parts of California and Arizona in December and January.

The declarations issued by the SBA include counties contiguous to those where the disaster occurred.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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