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Credit: Tom Sofield / LevittownNow.com
The U.S. federal Small Business Administration (SBA) on Thursday approved Governor Tom Wolf’s request for financial assistance for residents affected by the July 12 flash floods.
The news comes after Wolf’s office said LevittownNow.com Federal grants through the Federal Emergency Management Agency (FEMA) would not reach residents on Wednesday after post-storm damage assessment fell below required thresholds, but SBA help was likely .
The flooding hit parts of Bristol Borough, Bristol Township, Bensalem Township and North East Philadelphia hard. The floods were localized and not very generalized like past disasters.
There have been over 1,100 reports of damage to homes and businesses in the Township of Bensalem, the Borough of Bristol and the Township of Bristol. County officials said they estimate as many as 400 people have been displaced by the floods.
“The devastation caused by this flood will remain on the minds of survivors for years to come,” Wolf said in a statement. “But we hope that these low interest loans will provide much needed help in helping people get back to normalcy as quickly as possible.”
Here are the details of the financial assistance:
Low-interest loans of up to $ 200,000 are available to homeowners and tenants to repair or replace damaged or destroyed real estate, and SBA regulations also allow loans up to $ 40,000. to repair or replace damaged personal property, including vehicles. Businesses and nonprofits can borrow up to $ 2 million to restore damaged or destroyed buildings, inventory, equipment, and other physical losses. Economic disaster loans are also available and can also be used to pay fixed debts, salaries, accounts payable and other bills that cannot be paid due to the impact of the disaster, which the whether or not the company suffered physical damage from the storm.
The SBA offers long-term repayment options to keep payments affordable, with terms of up to 30 years. The conditions are determined on a case-by-case basis, depending on the repayment capacity of each borrower.
The SBA will open Disaster Loan Assistance Centers (DLOCs) in Bucks County and Philadelphia to provide in-person assistance to those who wish to apply, and anyone from any county included in the return. disaster can visit any DLOC site. The Tioga County DLOC will be established virtually. However, businesses and individuals can obtain information and loan applications immediately by calling the SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing. ), or by sending an email [email protected].
Bucks County:
Lower Bucks Government Service Center
7321 New Falls Road
Levittown, Pennsylvania 19055Provisional opening hours:
Monday August 2: 12 p.m. – 6 p.m.
Tuesday to Friday, August 3 to 6: 9 a.m. to 6 p.m.
Saturday August 7: 10:00 a.m. – 2:00 p.m. (it’s the only Saturday)
Sunday August 8: CLOSED
Monday to Wednesday August 9 to August 11: 9 a.m. to 6 p.m.
Thursday August 12 – 9:00 a.m. to 4:00 p.m.Philadelphia Cream:
Katharine Drexel Library
11099 Knights Road.
Philadelphia, Pennsylvania 19154Provisional opening hours:
Monday August 2: 12 p.m. – 6 p.m.
Tuesday to Friday, August 3 to 6: 9 a.m. to 5 p.m.
Saturday August 7: 10:00 a.m. – 2:00 p.m. (it’s the only Saturday)
Sunday August 8: CLOSED
Monday – Wednesday August 9 – August 11: 9:00 a.m. – 5:00 p.m.
Thursday, August 12 – 9 a.m. to 4 p.m.Tioga:
Virtual Disaster Loan Assistance Center (VDLOC)
Business hours:
Sunday to Saturday 8:00 a.m. to 8:00 p.m.
Customer Service Center: 800-659-2955
E-mail: [email protected]Alternatively, loan applications can be downloaded from sba.gov/catastrophe and completed applications should be sent to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The SBA has created a number of fact sheets to help applicants understand the SBA loan process:
The three-step process
FAQs for landlords and tenants
Information sheet for owners and tenants
Factsheet for businesses of all sizesThe filing deadline for returning property damage claims is September 27, 2021. The deadline for returning economic disaster loan claims is April 29, 2022.
Local and state officials said efforts remain underway to provide more aid to the region.
Because the region did not meet federal thresholds for FEMA grants following an assessment by the Pennsylvania Emergency Management Agency (PEMA), the governor did not sign a disaster declaration for the region.
“A statement alone does not unlock any aid – federal or state – unless thresholds are met,” said Beth Rementer, spokesperson for the governor.
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