Gov. Tom Wolf Friday announced the U.S. Small Business Administration (SBA) approved his request to declare a disaster in Lancaster and York Counties after significant flood damage to homes and businesses was sustained due to severe storms on August 31.
Homeowners, renters and businesses impacted by the storms in Lancaster and York Counties, as well as neighboring counties Adams, Berks, Chester, Cumberland, Dauphin and Lebanon may be eligible for low-interest disaster loans through the SBA Disaster Loan Programs.
“Residents throughout the commonwealth are still recovering from the record-shattering storms that disrupted their lives this summer,” said Gov. Wolf. “Loan programs like these provide a low-cost and accessible lifeline to individuals starting the rebuilding and recovery process.”
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 Disaster Loan Outreach Centers (DLOC) to assist anyone who wishes to apply for a loan. The DLOC’s will be open at the following locations and times:
-- York County Department of Emergency Services, Training Room, 120 Davies Dr. York
-- Lancaster County Public Safety Training Center, Conference Room, 101 Champ Blvd. Manheim
-- Hours of Operation--
Opening: Monday, Oct. 22, 10 a.m.
Closed: Sunday, Oct. 28
Days: Monday – Friday: 9 a.m. – 6 p.m.
Saturday, Oct. 27: 10 a.m. – 2 p.m.
Closing: Monday, Oct. 29: 6p.m.
SBA customer service representatives will be on hand at the disaster loan outreach centers 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 centers 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 emailing: disastercustomerservice@sba.gov.
Loan applications are also available online. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website.
Completed applications should be returned to the local 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 December 17, 2018. The deadline to return economic injury disaster loan applications is July 18, 2019.
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