Bloomington – A $ 808,400 loan has been approved for McLean County residents whose homes were flooded after heavy rains this summer.
U.S. Representative Rodney Davis said in a press release Wednesday that 23 loans have been disbursed by the Federal Small Business Administration and another 15 are still pending.
SBA loan was granted on July 26 in the aftermath of a flood in McLean County. People have until September 24 to apply for help.
“This has opened the door to apply for low-interest loans and long-term loans for families and businesses,” said Davis.
On June 25-26, more than 10 inches of rain fell in parts of Mecklen County, flooding hundreds of homes after massive flooding and city-owned sewer systems.
According to Pantagraph, more than 500 injury claims have been sent to Bloomington and no resident has been compensated.
People also read…
McLean County is ineligible for assistance from the Federal Emergency Management Agency. FMA helps pay for maintenance of roads and other infrastructure.
Davis on Wednesday called it “disappointing” and said “the unfair formula for the majority of the state’s population in the northeast corner will degrade Illinois.” FM called for more environmental impact.
From McLean County Law and Justice Center Good afternoon, where @ Rodney Davis, @repdanbrady, @jon_sandage & & @McLeanCountyEMA To help. straight ahead. Kathy Beck is sharing updates from @SBAgov To help. w / June 25/26 Storms and Flood Events. pic.twitter.com/NHe4J6hJPo
– @TimothyMEggert August 18, 2021
Of the 66 applications submitted to the SBA, Beck said 28 were rejected. That works, on average, about $ 35,000.
“It’s a loan, so unfortunately, there will be things that need to be done,” said the acting director of the McLean County Emergency Management Agency. If you go to a traditional bank, you will need less, less credit results, less income.
State representative Dan Brady said in a statement Wednesday that neighboring Ford County is experiencing a similar situation in McLean County in June. Earlier this month, hurricanes flooded more than 7 inches, flooding several homes and apartment buildings, and hundreds of people fled to Gibson City-Melvin-Sibili Middle School.
Injury assessment is underway.
Davis said if a person is denied SBA assistance for income reasons or other reasons and does not have the ability to recover, he or she should call his or her Brady offices.
“If there are other resources in the country, we will see,” he said. One thing I do know about McLean County and Bloomington Normal is that many people who have nothing to do with the federal or state and local government are always willing to help those in need.
Davis and Brady each thanked the staff and volunteers who worked with the County AMA for documenting the damage.
“They really helped with the damage assessments that led to SBA assistance,” Davis said.
Those who still want to apply for SBA help can call 1-800-659-2955 or go to balaloan.sba.gov online.
In McLean County, both sides of Interstate 55 opened on Saturday afternoon after 16 hours to reduce flooding and landslides due to high water levels near nearby Timber Creek.
The clock covers most of Central Illinois, covering Christian, de Witt, Logan, Macon, Mason, Menad, Sangamon, Libi, Tazewell and Woodford counties. It is also located in East and West Central Illinois, including Case, Chamberlain, Douglas, Morgan, Multry, Pyatt, Scott and Vermillion.
As of 9 a.m., the McLean County Emergency Management Agency said roads near the Macau River or nearby rivers should be avoided overnight by stagnant or moving water.
Interstate 55 rooms near McLean reopened after flooding on Friday night and Saturday morning.
The McLean County flood warning was in effect Saturday through 2:15 p.m.
Pantagraphic journalists distributed floodwaters video across the region on Saturday to capture the storm.
Readers presented the following images of the floods on Friday and Saturday. Present yours here.