Federal Aid Available for Tropical Storm Debby Victims in Clearfield and Indiana Counties
Federal aid is now accessible for residents and businesses in Clearfield and Indiana Counties affected by Tropical Storm Debby. The SBA has approved a disaster declaration allowing low-interest loans of up to $500,000 for homeowners and $2 million for businesses to cover disaster-related losses. Applications for physical damages must be submitted by February 11, 2025, while economic injury loans have a later deadline of September 15, 2025.
Federal assistance is now available for residents and businesses in Clearfield and Indiana Counties who are recovering from the severe flooding caused by Tropical Storm Debby earlier this August. The U.S. Small Business Administration (SBA) has approved a disaster declaration led by Governor Josh Shapiro, which allows affected parties to apply for low-interest disaster recovery loans. These loans provide up to $500,000 for homeowners to cover repair costs, $100,000 for personal property replacement, and up to $2 million for businesses and nonprofits facing uninsured losses due to the disaster.
Governor Shapiro emphasized the impact of the flooding on the local communities, stating, “The flooding caused by the remnants of Tropical Storm Debby was devastating for many Pennsylvanians across our Commonwealth, and my administration continues to work to do everything we can to help them recover and rebuild.” The disaster declaration empowers Clearfield and Indiana counties to access these essential financial resources. The loan repayment terms can extend for up to 30 years, with details adjusted based on the borrower’s financial capacity.
Individuals interested in applying for the loans may reach the SBA Customer Service Center at 1-800-659-2955 or access applications online. Additionally, Disaster Loan Outreach Centers will be established in the impacted regions to provide direct assistance for the application process. The cut-off date for applications concerning physical damages is February 11, 2025, while applications for economic injury loans will continue to be accepted until September 15, 2025.
The topic at hand discusses the federal aid available to residents of Clearfield and Indiana Counties in Pennsylvania following the flooding caused by Tropical Storm Debby. The response by the U.S. Small Business Administration (SBA) reflects the government’s commitment to aiding communities in distress. The information presented highlights specific monetary assistance measures such as low-interest loans and the conditions for application, outlining the recovery efforts for those significantly impacted by the storm.
In conclusion, Clearfield and Indiana County residents and businesses have access to vital federal disaster recovery loans due to the impacts of Tropical Storm Debby. With the provisions established by the SBA, applicants can secure necessary funding to facilitate recovery and rebuilding efforts. The importance of timely applications cannot be overstated, particularly with deadlines approaching for various aspects of financial assistance. The state administration remains committed to supporting affected individuals and communities throughout their recovery journey.
Original Source: www.explorejeffersonpa.com
