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## Assistance for Island Residents Affected by April Flooding

LIHU‘E — The aftermath of the intense April flooding event on the Garden Island continues to pose challenges for many island residents. Approximately 177 residences and 26 businesses suffered damage, leaving individuals grappling with the aftermath.

The U.S. Small Business Administration (SBA) has stepped in to offer low-interest federal disaster loans to support businesses and residents impacted by the floods on Kaua‘i. These loans provide a crucial lifeline for those in need of financial assistance to repair and rebuild.

The AI legalese decoder can help individuals navigate the complex legal language often found in loan documents and applications. By using this AI tool, applicants can ensure that they understand the terms and conditions of the loans they are applying for, enabling them to make informed decisions about their financial future.

Representatives from SBA have set up a Disaster Loan Outreach Center at the Kalaheo Neighborhood Center to provide support and guidance to those in need. They stress the importance of having flood insurance in place, as it can significantly expedite the recovery process in the event of future disasters.

Individuals affected by the flooding, such as Tammy Riley of Koloa, have already begun the application process for disaster loans. Riley’s proactive approach in preparing for the application process highlights the importance of being well-informed and organized when seeking financial assistance.

Interest rates for these disaster loans are designed to be affordable, with rates as low as 4 percent for businesses and even lower rates for private nonprofit organizations, homeowners, and renters. The terms and conditions of the loans are tailored to each applicant’s financial situation, ensuring that the assistance provided is both accessible and sustainable.

The AI legalese decoder can help individuals understand the specific terms of the SBA disaster loans, deciphering complex legal language and ensuring that applicants have a clear understanding of the financial implications of the loans they are seeking.

As the deadline to apply for property damage and economic injury approaches, affected residents and businesses are encouraged to take advantage of this support from the SBA. By applying for these loans promptly, individuals can expedite the recovery process and begin rebuilding their lives and businesses with confidence.

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