More financial assistance is on the way for residents and businesses affected by last July's devastating floods.

The U.S. Small Business Administration (SBA) is offering low-interest loans to aid recovery efforts.

Homeowners can receive up to $500,000 to repair their primary residences. Additionally, homeowners and renters can obtain up to $100,000 to repair or replace damaged or destroyed personal property. Business owners are eligible to apply for up to $2,000,000 to replace damaged equipment.

The deadline to apply for these loans is July 15th.