Federal disaster loans are now available for residents and businesses in Clearfield and Indiana Counties affected by Tropical Storm Debby. The U.S. Small Business Administration has approved loans of up to $500,000 for homeowners and $2 million for businesses. Applications can be made until February 2025 for physical damages and September 2025 for economic injuries, with assistance available through Disaster Loan Outreach Centers.
Residents and businesses in Clearfield and Indiana Counties now have access to federal disaster loans due to the flooding caused by Tropical Storm Debby in August. The U.S. Small Business Administration (SBA) has approved a disaster declaration, allowing affected individuals to apply for low-interest loans. Homeowners can receive up to $500,000 for repairs, while businesses and nonprofits can secure loans up to $2 million for uninsured losses. The terms for the loans can extend up to 30 years, with repayments based on the borrowers’ financial capabilities.
Governor Josh Shapiro has emphasized the administration’s commitment to supporting those impacted by the storm. Disaster Loan Outreach Centers will open soon for in-person assistance with applications. The deadlines for applications are February 11, 2025, for physical damage and September 15, 2025, for economic injury loans. Individuals can contact the SBA Customer Service Center for further assistance or apply online.
Tropical Storm Debby resulted in significant flooding across various regions of Pennsylvania in August. In response to the disaster, Governor Josh Shapiro sought federal assistance, leading to a declaration by the U.S. Small Business Administration. This action opens avenues for financial relief in the form of loans, aimed at supporting recovery efforts for homeowners, businesses, and nonprofits in Clearfield and Indiana Counties who suffered losses. Understanding the financial support available is crucial for affected residents to rebuild their lives and properties after the disaster.
The availability of federal disaster loans represents a critical opportunity for individuals and businesses in Clearfield and Indiana Counties affected by Tropical Storm Debby. With substantial funding options and flexible repayment terms, the U.S. Small Business Administration aims to facilitate a smoother recovery process. The efforts from the state administration underscore a commitment to aiding Pennsylvanians during this challenging time, reinforcing the significance of timely applications to secure the necessary support for rebuilding and recovery.
Original Source: www.explorejeffersonpa.com
