Federal Aid Now Available for Tropical Storm Debby Victims in PA

Federal disaster loans are now accessible to residents and businesses in Clearfield and Indiana Counties impacted by Tropical Storm Debby. The U.S. Small Business Administration has authorized low-interest loans for recovery, providing up to $500,000 for homeowners and $2 million for businesses. The application deadlines for damage and economic injury loans are February 11, 2025, and September 15, 2025, respectively.

Federal disaster relief has been made available for residents and businesses in Clearfield and Indiana Counties affected by the severe flooding from Tropical Storm Debby earlier this August. The U.S. Small Business Administration (SBA) approved a disaster declaration requested by Governor Josh Shapiro, which authorizes the provision of low-interest loans for financial recovery. Homeowners may be eligible for repairs amounting to $500,000, while personal property replacements can receive funding up to $100,000. Additionally, businesses and nonprofits can access loans as high as $2 million to cover uninsured losses incurred during the disaster.

Governor Shapiro emphasized the devastation caused by Tropical Storm Debby, stating that his administration is committed to aiding affected individuals and communities in their recovery efforts through financial assistance. Clearfield and Indiana Counties were included in the disaster declaration made in August 2024, facilitating access to these essential resources. The loans are structured with terms extending up to 30 years, with repayment plans tailored to the financial capabilities of the borrowers.

Individuals interested in applying for these disaster loans may contact the SBA Customer Service Center at 1-800-659-2955 or can access application forms online. Furthermore, Disaster Loan Outreach Centers will soon be established to provide direct assistance for applicants in the affected regions. It is important to note that the deadline for applying for aid concerning physical damages is set for February 11, 2025, while the window for economic injury loans will remain open until September 15, 2025.

Tropical Storm Debby caused significant flooding across Pennsylvania in August 2024, leading to severe damage for homeowners and businesses, particularly in Clearfield and Indiana Counties. In response to this disaster, the U.S. Small Business Administration has activated its Disaster Loan Program, which is designed to assist those affected by providing loans for repairs and recovery. Disaster declarations by state officials enable federal resources to flow to the impacted areas, highlighting the governmental commitment to support residents during their recovery process.

In conclusion, federal disaster assistance, including low-interest loans, is now available for residents and businesses in Clearfield and Indiana Counties, following the devastating impacts of Tropical Storm Debby. With loan opportunities reaching up to $2 million for businesses and substantial amounts for homeowners, the support aims to facilitate recovery efforts. The designated application deadlines are crucial for those seeking financial relief to ensure they secure the aid necessary for rebuilding their lives and businesses.

Original Source: www.explorejeffersonpa.com