Federal Disaster Loans Available for Tropical Storm Debby Recovery in PA

Federal aid is available for Clearfield and Indiana County residents affected by Tropical Storm Debby. The U.S. SBA is offering low-interest loans for homeowners and businesses to recover from flood damages following Governor Shapiro’s disaster declaration. Applications for recovery funding must be submitted by February 2025 for physical damages and by September 2025 for economic injuries.

Residents and businesses in Clearfield and Indiana Counties impacted by the flooding from Tropical Storm Debby in August are now eligible for federal disaster assistance. Following a disaster declaration by Governor Josh Shapiro, the U.S. Small Business Administration (SBA) has initiated low-interest loan offerings to aid recovery efforts. Under the SBA’s program, homeowners can apply for loans up to $500,000 for repairs, while personal property replacements can receive up to $100,000. Businesses and nonprofits can apply for loans up to $2 million to cover uninsured losses related to the disaster.

In August 2024, a disaster declaration was issued covering Clearfield and Indiana counties due to the detrimental effects of Tropical Storm Debby, which caused significant flooding. This designation allows affected residents and businesses to access vital federal support, specifically through the SBA’s Disaster Loan Program. The program is designed to assist individuals and entities in overcoming the financial impacts of such natural disasters.

In summary, federal financial aid is now accessible for those affected by Tropical Storm Debby in Clearfield and Indiana Counties, enabling significant recovery resources. The SBA’s low-interest loans are a crucial support mechanism as residents and businesses look to rebuild. It is essential to note the application deadlines to ensure that all eligible parties can seek assistance promptly.

Original Source: www.explorejeffersonpa.com