The Small Business Administration is making low-interest loans available to businesses and homeowners that sustained damage from the storms and flooding on O'ahu from Dec. 10-16.

The loan program is a result of a presidential disaster declaration on Jan. 5.

Homeowners may borrow up to $200,000 to repair or replace their primary residence. Homeowners and renters may borrow up to $40,000 to repair or replace personal property.

Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other assets.

Small businesses and most private, non-profit organizations may borrow to help meet working capital needs caused by the disaster regardless of whether the business suffered any property damage.

Interest rates can be as low as 2.687 percent for homeowners and renters and 4 percent for businesses with terms up to 30 years. SBA determines loan amounts and terms based on each applicant's financial condition.

For more information, call the Federal Emergency Management 800-659-2955. Information also is available at the SBA Web site: www.sba.gov/services/disasterassistance.