Gov. Tom Wolf Tuesday announced the U.S. Small Business Administration approved his request to declare a disaster in Fayette County after significant wind, flood and in some cases, mudslide damage to homes and businesses from severe storms and a tornado in February.
“These storms damaged property and disrupted lives,” said Gov. Wolf. “Low-interest loans will go a long way in helping those affected by the storms.”
Homeowners, renters and businesses impacted by the February 15-17 storms in Fayette County, as well as neighboring counties Greene, Somerset, Washington and Westmoreland may be eligible for low-interest disaster loans through the SBA Disaster Loan Programs.
Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. SBA regulations permit loans up to $40,000 to repair or replace personal property.
Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. Loan amounts and terms are set by the SBA and are based on each applicant’s financial qualifications.
The SBA will establish a Disaster Loan Outreach Center to assist anyone who wishes to apply for a loan.
The DLOC will be open at the following location and times: Uniontown City Fire Department, 84 N. Breeson Blvd., Uniontown, PA 15401. Dates/Hours: Opening: March 29, 11 a.m.; Monday through Friday, 9 a.m. - 5:30 p.m.; March 31, 10 a.m. - 2 p.m.; Closed Sunday; Closing: April 5, 3:30 p.m.
SBA customer service representatives will be on hand at the disaster loan outreach center to issue loan applications, answer questions about the disaster loan program, explain the application process and help individuals to complete their applications.
Individuals and businesses unable to visit the center in person may obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired), or by email to: disastercustomerservice@sba.gov.
Loan applications can also be downloaded. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website.
Completed applications should be returned to the DLOC or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is May 29, 2018. The deadline to return economic injury disaster loan applications is December 27, 2018.
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