Federal aid has been made available to Clearfield and Indiana Counties following the August 2024 flooding from Tropical Storm Debby. The U.S. SBA is offering low-interest loans of up to $500,000 for homeowners and $2 million for businesses. Applications can be submitted until February 11, 2025, for physical damages and until September 15, 2025, for economic injuries.
Residents and businesses in Clearfield and Indiana Counties affected by the flooding from Tropical Storm Debby can now access federal disaster assistance. The U.S. Small Business Administration (SBA) has acted upon the disaster declaration approved by Pennsylvania Governor Josh Shapiro, making low-interest loans available to those impacted. The funding options include up to $500,000 for homeowners, $100,000 for personal property replacements, and up to $2 million for businesses and nonprofits, aimed at covering uninsured disaster losses. Governor Shapiro emphasized the commitment of his administration to support recovery efforts for those suffering from the flooding. Individuals looking to apply can do so through the SBA Customer Service Center or in-person at forthcoming Disaster Loan Outreach Centers. The application deadline for physical damages is set for February 11, 2025, while economic injury loans will be accepted until September 15, 2025.
This announcement comes in response to the severe flooding that transpired in August 2024 due to Tropical Storm Debby, which significantly impacted the community. The disaster loans are a critical source of financial aid intended to assist those affected in their recovery and rebuilding efforts. The low-interest nature of the loans is designed to ease the financial burden on homeowners and businesses, with flexible repayment terms considered based on individual circumstances. The declaration by Governor Shapiro underscores a proactive approach by state officials to mitigate the difficulties faced by the impacted communities.
In conclusion, the availability of federal disaster loans is a vital resource for residents and businesses in Clearfield and Indiana Counties as they recover from the impacts of Tropical Storm Debby. With substantial loan amounts and extended repayment terms, this assistance aims to alleviate some of the financial strain caused by the disaster. As the application deadlines approach, it is imperative for those affected to seek this support to aid their recovery process.
Original Source: www.explorejeffersonpa.com
