The U.S. Small Business Administration has announced that it is providing emergency assistance to businesses and residents in some parts of Pennsylvania following a presidential emergency report.
The disaster covers many of the most difficult districts, including Burke County. Small businesses such as nearby counties, Berks County and private non-profit organizations can apply for SBA economic risk loans. Learn more here>
Berks County officials will continue to work with our local partners to request that Berks be included in the SBA statement, which provides a home loan program that can benefit homeowners and tenants. At this point, Berks County has not reached the level of damage required for that claim, so it is important that everyone is informed of the damage caused by Hurricane Ida. Berks County Local Government Office Directory>
August 31 – Following the announcement of the presidential emergency due to the aftermath of the September hurricane, low-interest loans from the U.S. Small Business Administration are available to businesses and residents in Pennsylvania. 5, 2021
“Pennsylvania is ready to help small businesses and residents affected by Hurricane Ida,” said SBA administrator Isabella Casilas Guzman. We are committed to providing federal disaster loans quickly and efficiently using a customer-centric approach to rehabilitating and rebuilding businesses and communities.
A statement from the NBA said: It covers the states of Buck, Chester, Delaware, Montgomery, Philadelphia and York in Pennsylvania that are eligible for disaster loans for physical and economic damage. Small businesses in most of the following neighboring districts and most non-profit organizations are eligible to apply for SBA economic risk loans only – Adams, Berks, Cumberland, Dauphin, Lancaster, Leigh and Northam in Pennsylvania; New Palace in Delaware; Baltimore, Carol, Sicily and Harford in Maryland; And Burlington, Camden, Gloucester, Hunteron, Mercer and Warren in New Jersey.
Businesses and private nonprofits can borrow up to $ 2 million to repair or replace damaged or destroyed real estate, machinery and equipment, goods, and other commercial assets. Applicants may be eligible for a loan increase of up to 20 percent for their disability, as confirmed by the SBA. Eligible mitigation improvements may include a drainage pump, elevation, French drainage or protective wall to protect property and residents from similar hazards.
For small businesses, small agricultural cooperatives, small businesses engaged in small-scale farming, and most private non-profit organizations, the SBA provides economic risk loans to help meet the capital needs of the disaster. Accidental loans are available, regardless of whether the business is physically damaged.
Accident loans of up to $ 200,000 are available to homeowners to repair or replace damaged or damaged real estate. Homeowners and tenants are eligible for up to $ 40,000 to repair or replace damaged or damaged personal property.
Interest rates are 2.855 percent for businesses, 2 percent for nonprofits and 1.563 percent for homeowners and tenants, contracts up to 30 years. Loan rates and terms are set by the SBA and are based on the financial situation of each applicant.
Applicants may apply through the EBA Secure Website at https://disasterloanassistance.sba.gov/ela/s/ using the Electronic Loan Application (ELA), and must apply in accordance with SBA Statement # 17165, not for COVID-19 event.
To be considered for all types of emergency assistance, applicants must register online at DisasterAssistance.gov or download the FEMA mobile app. If there is no online or mobile access, applicants should call the toll-free helpline at 800-621-3362. 711-Relay or using video
Relay services should call 800-621-3362.
Businesses and individuals can get information and loan applications by calling SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or by email. [email protected]. You can download loan applications at sba.gov/disaster. Completed applications must be mailed to the US Small Business Administration, Process & Distribution Center, 14925 KingSport Road, Fort Worth, TX 76155.
It is the deadline for filing applications for property damage November 10, 2021. It is the deadline for returning economic damage applications June 10, 2022.