Low-interest federal disaster loans available following Oakland warehouse fire

OAKLAND, Calif. (KGO) -- Businesses and homeowners who suffered losses during Oakland's deadly Ghost Ship warehouse fire are now eligible for low-interest federal disaster loans.

The Small Business Administration declared the area a disaster zone on Thursday, making those loans available.

Businesses and nonprofits can borrow up to $2 million. Homeowners can borrow up to $200,000 to replace damaged real estate.

Applicants may apply online using SBA's secure website here.

Click here for full coverage on the Oakland Ghost Ship warehouse fire.