Illinois flood loans available for affected residents -

Illinois flood loans available for affected residents


SRPINGFIELD, Ill. (AP) -- Southern Illinois residents, businesses and farmers affected by flooding may be able to take advantage of the state's disaster loan program.

State Treasurer Dan Rutherford said in a news release Thursday loans are available to qualified applicants through the state's Disaster Recovery program. The interest on loans obtained through the program are capped at 3 percent.

The release said loans are made through participating banks. Flood victims who expect reimbursement from insurance can take up to a year to pay off the loans. Others have up to five years.

More information can be found by calling the program hotline at 866-523-0641 or visit and click the 'Disaster Recovery' link on the front page

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Powered by Frankly