Governor Tom Wolf announced on Thursday that survivors of the flash flooding in Washington and Clearfield Counties will be able to apply for low-interest loans to help them repair or replace personal property.
Homeowners, renters and businesses impacted by the flooding on July 14 in Clearfield County, as well as the neighboring counties of Blair, Cambria, Cameron, Centre, Clinton, Elk, Indiana and Jefferson may be eligible for low-interest disaster loans through the U.S. Small Business Administration (SBA) Disaster Loan Program.
Homeowners may borrow up to $200,000 to repair damaged or destroyed real estate and 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.
All loan amounts and terms are set by the SBA and based upon each applicant’s financial qualifications.
The SBA will establish Disaster Loan Outrach Centers (DLOCs) to assist anyone who wishes to apply for a loan.
Clearfield County residents and residents of the neighboring counties listed above can find their DLOC at the Glendale Area Public Library in Coalport during the dates and times as follows:
Friday, Aug. 25 from 12 p.m. to 6 p.m.
Sunday, Aug. 27 from 1 p.m. to 5 p.m.
Monday, Aug. 28 – Wednesday, Aug. 30 from 10 a.m. to 5 p.m.
Thursday, Aug. 31 from 10 a.m. to 4 p.m.
Homeowners, renters and businesses impacted by the July 29 flooding in Washington County and the neighboring counties of Allegheny, Beacer, Fayette, Green and Westmoreland may be eligible for low-interest disaster loans as well and may apply at the Salvation Army on 60 E. Maiden St. in Washington, Washington County.
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 1-800-695-2955 or by e-mailing disastercustomerservice@sba.gov.
Loan applications may be downloaded here.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloan.sba.gov/ela.
The filing deadline for loan applications for physical property damage is Oct. 23, 2017 and the deadline for economic injury disaster loan applications is May 23, 2018.
