August 11, 2022

bandapilot

Business Activity

Gov. Wolf Announces Low-Interest Loans Available for Those Affected by Flash Flooding Related to Remnants of Hurricane Ida

​Harrisburg, PA – Governor Tom Wolf introduced now that the U.S. Compact Business Administration (SBA) accepted a modern ask for to make money help out there to residents of Berks County adhering to intense storms that caused flash flooding and sizeable injury from September 1 – 3 due to remnants of Hurricane Ida. Inhabitants and companies in the neighboring counties of Lancaster, Lebanon, Lehigh and Schuylkill can also implement for support.

“Unfortunately, this storm remaining a lasting effect on dozens of communities across considerably of japanese Pennsylvania,” reported Governor Wolf. “We are grateful that SBA recognized the will need for lower-fascination financial loans, which will unquestionably enable lots of persons and firms get better.”

It’s important to be aware that inhabitants and enterprises in Chester and Montgomery counties, which are also contiguous to Berks, are already suitable for SBA loans and other federal help because of to the Individual Help disaster declaration in those people counties. Extra facts on how to apply for Particular person Help is accessible on the web.

Small-fascination financial loans of up to $200,000 are out there to owners and renters to repair service or change broken or destroyed genuine estate, and SBA rules also allow financial loans up to $40,000 to repair service or switch destroyed own assets, like motor vehicles. Enterprises and nonprofits can borrow up to $2 million to restore destroyed or wrecked buildings, stock, products and other bodily losses.

Financial Harm Catastrophe Financial loans are also readily available and could also be employed to spend preset debts, payroll, accounts payable and other expenditures that just cannot be paid out mainly because of the disaster’s influence, whether or not or not the enterprise sustained physical problems from the storm.

The SBA features very long-phrase compensation solutions to continue to keep payments economical, with conditions up to a most of 30 decades. Terms are determined on a situation-by-situation foundation, centered upon each borrower’s capability to repay.

The SBA will open up a Disaster Loan Outreach Center (DLOC) in Berks County to deliver in-person help for individuals wishing to use. However, corporations and persons may well immediately get hold of details and financial loan apps by contacting the SBA’s Purchaser Service Middle at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-listening to), or by emailing [email protected].

Berks County:

Berks County Fireplace Instruction Heart
895 Morgantown, Rd   
Reading, PA 19607

  • Opening Day:  Friday, Oct 8, 2021
  • Several hours on Oct. 8:  12:00 p.m. – 6:00 p.m. (EST)
  • Days of Operation:  Monday-Friday
  • Several hours of Procedure:  9:00 a.m. – 6:00 p.m. (EST)
  • Saturday, October 9 & Saturday, October 16:  10:00 a.m.-2:00 p.m.     
  • Shut:  Sundays
  • Forever Closes:  Thursday, October 21 at 4:00 p.m. EST

Alternatively, mortgage apps can be downloaded at sba.gov/catastrophe and accomplished purposes really should be mailed to: U.S. Small Small business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Truly worth, TX 76155.

The SBA has created a variety of reality sheets to aid candidates fully grasp the SBA loan approach:

The filing deadline to return apps for actual physical residence harm is Dec. 6, 2021. The deadline to return financial damage catastrophe loan purposes is July 6, 2022.

MEDIA Contact:   Lyndsay Kensinger, Governor’s Office environment, [email protected]

###