Thursday, July 26, 2018

Gov. Wolf Announces Federal Aid For Damage Caused By July 2 Floods In Blair County; Outreach Center Opening

Gov. Tom Wolf late Wednesday announced the U.S. Small Business Administration approved his request to declare a disaster in Blair County after significant flood damage to homes and businesses after a severe storm on July 2, 2018.
Homeowners, renters and businesses impacted by the July 2 storm in Blair County, as well as neighboring counties Bedford, Cambria, Centre, Clearfield, and Huntingdon may be eligible for low-interest disaster loans through the SBA Disaster Loan Programs.
“These storms damaged property and disrupted lives,” said Governor Wolf. “Low-interest loans will go a long way in helping those affected by the storms.”
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:
-- Blair County Department of Emergency Services, 615 4th St., Altoona, PA 16602  (Parking available at the corner of 6th Ave. & 5th St.)
Hours of operation--
-- Opening: Saturday, July 28, 2018 at 10 a.m. – 2 p.m.
-- Closed: Sunday
-- Days: Monday through Thursday, 9 a.m. – 6 p.m., Friday, August 3, 2018, 10 a.m. – 4 p.m.
-- Closing: Friday, August 3, 2018 at 4 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 emailing:
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 Sept. 24, 2018. The deadline to return economic injury disaster loan applications is Apr. 25, 2019.
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