The U.S. Small Business Administration is encouraging Louisiana residents and business owners who suffered damage or financial losses from Tropical Storm Arthur to apply for low-interest disaster loans. SBA spokesperson Michelle Genovese says about $4 million in disaster loans have already been approved. Genovese says homeowners and renters can apply for physical damage loans to help repair or replace damaged property. [Interest rates on disaster loans can be as low as 2.87 percent for homeowners and renters. Applications for disaster loans may be submitted online using the MySBA Loan Portal at https://lending.sba.gov or other locally announced locations.