Federal disaster loans are now accessible to assist Clearfield and Indiana County residents and businesses recovering from Tropical Storm Debby. The U.S. Small Business Administration offers loans up to $500,000 for homeowners and up to $2 million for businesses affected by the August flooding. The application deadline for physical damages is February 11, 2025.
Residents and businesses in Clearfield and Indiana Counties affected by Tropical Storm Debby can now access federal assistance in the form of low-interest disaster loans. Following a disaster declaration approved by Governor Josh Shapiro, the U.S. Small Business Administration (SBA) is providing financial support for repairs and recovery efforts. Homeowners can receive loans of up to $500,000 for repairs and up to $100,000 for personal property replacement, while businesses and nonprofits may obtain loans up to $2 million for uninsured disaster losses. The application process for these loans is underway, with support channels available for applicants.
In August 2024, the remnants of Tropical Storm Debby led to severe flooding in Pennsylvania, prompting Governor Josh Shapiro to seek federal assistance. The declaration from the SBA facilitates low-interest loans aimed at assisting affected individuals and businesses in rebuilding. The disaster loan program offers flexible repayment terms tailored to the financial capacity of borrowers, making it an essential resource for those significantly impacted by the natural disaster. This initiative underscores the state’s commitment to supporting recovery efforts following devastating weather events.
In conclusion, the availability of federal disaster loans for the residents of Clearfield and Indiana Counties marks a significant step toward recovery from the flooding caused by Tropical Storm Debby. By providing crucial financial assistance, the state aims to alleviate the hardships faced by individuals and businesses, ensuring that they can rebuild and return to stability. The extended application deadlines further underscore the commitment to support vital recovery efforts within the community.
Original Source: www.explorejeffersonpa.com
