US & World

Hurricane Aida Affected Residents, Disaster Assistance Available Through Small and Medium Business Administration – Daily Local

Washington — Hurricane Aida’s catastrophic debris continues to be cleaned up, and local business owners and homeowners are still assessing the economic impact.

Federal support is provided through the Small and Medium Business Administration to eligible businesses and residents throughout the region affected after a violent storm brought flash floods and several tornadoes from August 31st to September 5th. I am.

The support will be provided in the form of low-interest disaster loans after President Joe Biden announces the Presidential Disaster Declaration on September 10.

The Federal Disaster Declaration covers the counties of Chester, Delaware, Montgomery, Bucks, Philadelphia, and York, which are eligible for physical and economic injury accident loans from government agencies.

In addition, SMEs and most private nonprofits in neighboring counties are eligible to apply for an Economic Injury and Disaster Loan from the Small and Medium Business Administration. These counties include Burks, Adams, Cumberland, Dauphin, Lancaster, Lehi, and Northampton, Pennsylvania. New Castle, Delaware. Baltimore, Carroll, Cecil, Harford, Maryland. Burlington, Camden, Gloucester, Hunterdon, Mercer, Warren, NJ.

“The SBA mission-led team is ready to help small businesses and residents in Pennsylvania affected by Hurricane Ida,” said Isabella Cassillas Gusman, Small Business Administration administrator. “We are committed to providing federal disaster loans quickly and efficiently with a customer-centric approach that helps businesses and communities recover and rebuild.”

What is the financial support available
Businesses and private nonprofits of all sizes can borrow up to $ 2 million to repair or replace real estate, machinery, inventory, and other business assets damaged or destroyed in a disaster.

Applicants may be subject to an increase in loan amount of up to 20% of physical damage for mitigation purposes, as confirmed by the Small and Medium Business Administration. Improvements to eligible mitigation measures may include drainage pumps, elevations, French drains or retaining walls that help protect property and residents from future damage caused by similar disasters.

For SMEs, small agricultural cooperatives, SMEs engaged in aquaculture, and most private non-profit organizations, the Small and Medium Business Administration is an economy to help meet the working capital needs caused by disasters. We provide accidental accident loans. Financial injury and disaster loan assistance is available regardless of whether the business suffers property damage.

For homeowners, up to $ 200,000 in disaster loans are available to homeowners to repair or replace real estate damaged or destroyed in a disaster. Homeowners and lessors are eligible for up to $ 40,000 to repair or replace personal property damaged or destroyed in a disaster.

Disaster loan interest rates are as low as 2.855% for businesses, 2% for nonprofits, and 1.563% for homeowners and renters, up to 30 years. The loan amount and terms are set by the Small and Medium Business Administration and are based on the financial position of each applicant.

The deadline for returning the property damage application is November 10, 2021. The deadline for returning financial injury applications is June 10, 2022.

How to get started
Business owners and residents affected by the storm use the Electronic Loan Application Form (ELA) available from the agency’s secure website (https://disasterloanassistance.sba.gov/ela/s/). You can apply online and must apply under SBA Declaration # 17165. , COVID-19 is not an incident.

The Small and Medium Business Administration opened a Business Recovery Center in Philadelphia County on Wednesday, September 15 to facilitate the loan application process, helping Pennsylvania companies submit disaster loan applications on a one-to-one basis. ..

The center is located on 3501 Midvale Avenue, Falls of the Silkill Library, in the East Falls section of northwestern Philadelphia. Open Monday and Wednesday from noon to 8 pm. Tuesdays and Thursdays, 10 am-6pm. Friday, 10 am-5pm. Holidays: Saturday and Sunday. Customer service representatives can answer questions about the disaster loan program and help business owners complete their applications.

All visitors are advised to wear a face mask as the COVID-19 pandemic continues.

Businesses and individuals can call the Small Business Administration Customer Service Center (1-800-659-2955 (1-800-877-8339 for hearing impaired)) or send an email to DisasterCustomerService @ sba. You can also get information and loan applications. .gov. You can also download the loan application form from sba.gov/disaster. The completed application must be mailed to the US Small Business Administration, Processing and Payment Center, 14925 Kingsport Road, Fort Worth, Texas 76155.

To be eligible for all forms of disaster relief, authorities also require applicants to register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is not available, applicants must call the FEMA toll-free helpline at 800-621-3362. If you want to use 711 relay or video relay service, please call 800-621-3362.

Earlier this week, FEMA announced that federal disaster relief was available to counties subject to the Emergency Declaration. Personal Assistance (IA) is provided through FEMA to qualified individuals and households for emergency work and home repairs or replacements.

Individuals and business owners who have suffered losses in designated areas can register online at www.DisasterAssistance.gov or call 1-800-621-FEMA (3362) or 1-800-462-7585 TTY. You need to start the process with FEMA. Hearing and speech disorders. The operator can also answer questions about applications that have already been submitted.

“Support from FEMA helps disaster-affected individuals and households meet the necessary costs and serious needs that insurance and other forms of support cannot meet,” says FEMA Region 3. Mary Ann Tierney, regional administrator of the company, said in a statement. “FEMA’s Disaster Survivor Assistance (DSA) team is currently located in these county-wide communities, providing additional assistance in accessing and applying for disaster assistance.”

Hurricane Aida Affected Residents, Disaster Assistance Available Through Small and Medium Business Administration – Daily Local

Source link Hurricane Aida Affected Residents, Disaster Assistance Available Through Small and Medium Business Administration – Daily Local

Related Articles

Back to top button