Federal Assistance for Tropical Storm Debby Victims in Pennsylvania

Federal disaster loans are now available for Clearfield and Indiana County residents affected by Tropical Storm Debby. The SBA has approved low-interest loans for homeowners, personal property, businesses, and nonprofits, following a disaster declaration by Governor Josh Shapiro. Applications can be submitted until February 2025 for physical damages and September 2025 for economic injuries, with further assistance offered through Disaster Loan Outreach Centers.

Federal disaster recovery loans are now available for residents and businesses in Clearfield and Indiana Counties impacted by the flooding caused by Tropical Storm Debby in August. The Small Business Administration (SBA) has authorized low-interest loans following a disaster declaration from Governor Josh Shapiro, providing support to individuals and organizations affected by the storm. Homeowners can apply for loans of up to $500,000 for repairs and $100,000 for personal property replacement, while businesses and nonprofits can receive up to $2 million to cover uninsured disaster losses. Governor Shapiro expressed his commitment to aiding the recovery efforts, stating that the administration is dedicated to assisting those affected by the flooding. With the declaration made in August 2024, Clearfield and Indiana Counties are now eligible for these critical financial resources, allowing for loan repayment terms extending up to 30 years based on individual repayment capabilities. In-person assistance will be available at upcoming Disaster Loan Outreach Centers, and interested applicants may reach out to the SBA Customer Service Center for further information. The application deadlines for physical damage loans are February 11, 2025, while economic injury loan applications will be accepted until September 15, 2025.

In August 2024, Tropical Storm Debby caused significant flooding in parts of Pennsylvania, leading to a disaster declaration for Clearfield and Indiana Counties. This declaration enables affected individuals and businesses to access federal aid through the U.S. Small Business Administration, aimed at helping the community recover from substantial losses due to the disaster. The establishment of disaster loan programs serves as a vital resource for those needing financial support to rebuild and restore their properties and operations.

The federal disaster loans provided by the SBA represent a crucial opportunity for residents and businesses in Clearfield and Indiana Counties to recover from the impacts of Tropical Storm Debby. With favorable loan terms and substantial financial support available, individuals are encouraged to take advantage of these resources to aid in their recovery efforts. The administration’s commitment to assistance highlights the importance of community support during such challenging times.

Original Source: www.explorejeffersonpa.com