Federal aid is now available for those affected by Tropical Storm Debby in Clearfield and Indiana Counties, as low-interest loans are offered to residents and businesses for necessary repairs and recovery efforts following the August flooding.
In light of the recent devastation from Tropical Storm Debby, residents and businesses in Clearfield and Indiana Counties are now eligible for federal disaster assistance. The U.S. Small Business Administration (SBA) has authorized low-interest loans for those affected by the flooding that occurred in August. Homeowners can apply for loans up to $500,000 for repairs, while businesses may receive as much as $2 million to cover uninsured losses.
The federal assistance program aims to support individuals and entities recovering from the flooding brought on by Tropical Storm Debby. Governor Josh Shapiro’s disaster declaration facilitates access to these critical financial resources intended to expedite recovery efforts in the affected regions of Pennsylvania. The loans provide financial aid that assists in repairs, property replacement, and addressing economic injuries sustained due to the disaster.
In conclusion, Clearfield and Indiana Counties have been designated for federal aid following Tropical Storm Debby’s impact, allowing affected residents and businesses to access essential financial support. The SBA’s low-interest loans, which can extend for up to 30 years, are integral in facilitating recovery efforts. The application deadline for physical damages is set for February 11, 2025, while economic injury loan applications will remain open until September 15, 2025.
Original Source: www.explorejeffersonpa.com
