Federal Disaster Loans Available for Tropical Storm Debby Victims in Clearfield and Indiana Counties

Clearfield and Indiana County residents and businesses affected by Tropical Storm Debby flooding can access federal disaster loans approved by the SBA, offering up to $500,000 for homeowners and up to $2 million for businesses. The application deadlines are February 11, 2025, for physical damages and September 15, 2025, for economic injury loans.

Residents and businesses in Clearfield and Indiana Counties impacted by the flooding from Tropical Storm Debby in August are now eligible for federal disaster loans. Approved by the U.S. Small Business Administration (SBA) following a disaster declaration from Governor Josh Shapiro, these loans will assist with recovery efforts. Homeowners can apply for loans up to $500,000 for repairs and $100,000 for personal property replacement, while businesses and nonprofits are eligible for loans up to $2 million to cover uninsured losses. Loan repayment terms may extend to 30 years, reflecting the borrower’s capacity to repay. In-person assistance will soon be available at Disaster Loan Outreach Centers in the affected regions, and applicants can reach out to the SBA Customer Service Center for support. The application deadlines are set for February 11, 2025, for physical damage claims and September 15, 2025, for economic injury loans.

This article addresses the federal disaster loans available for residents and businesses in Clearfield and Indiana Counties who are recovering from the flooding caused by Tropical Storm Debby. It highlights the approval of a disaster declaration that allows affected individuals access to low-interest loans to aid in their recovery efforts. The statement from Governor Shapiro emphasizes the government’s commitment to assisting those impacted by the storm, underscoring the significance of financial support during such crises.

In summary, federal aid is now accessible to those recovering from the aftermath of Tropical Storm Debby, offering crucial financial assistance through low-interest loans. The reported assistance is a vital resource for homeowners and businesses in Clearfield and Indiana Counties, enabling them to rebuild and recover from the devastation experienced. Further support is available through in-person application assistance and dedicated customer service from the SBA.

Original Source: www.explorejeffersonpa.com