Low-interest loans are available for some people who've been impacted by the recent floods. The Disaster Recovery Linked Deposit Program helps residents, businesses and farmers get the cash they need to recover from weather-related damage to their property. Even those who expect their flood insurance to cover most of the damage are eligible for the loan for one year until their reimbursement arrives.
The maximum interest rate for qualifying borrowers is just over two-point-three-percent for a two-year loan and about two-point-seven-percent for a three-year loan for the month of April 2013. Check out www.Treasurer.IL.gov for details.