U.S. Small Business Administration offers loans to Huntingdon fire victims
Gov. Wolf requested disaster declaration
WASHINGTON — Businesses and residents affected by a May 12 apartment complex fire in Huntingdon can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Jovita Carranza said.
SBA made the loans available in response to a letter from Gov. Tom Wolf, requesting a disaster declaration by the SBA. The declaration covers Huntingdon and the adjacent counties of Bedford, Blair, Centre, Franklin, Fulton, Juniata and Mifflin.
SBA has opened a Virtual Disaster Loan Outreach Center to help survivors apply online using the Electronic Loan Application via the SBA’s secure website at https://disasterloanassistance.sba.gov/.
The VDLOC is open 8 a.m. to 5 p.m. Monday through Friday.
Survivors should contact customer service representatives at 571-422-1925 or 571-422-6016 to schedule an appointment for one-on-one assistance in completing an applications. Requests for SBA disaster loan program information may be obtained by emailing FOCE-Help@sba.gov.
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other business assets,” said SBA’s Philadelphia District Director Steven Dixel.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Ken Fleming, center director of SBA’s Field Operations Center East in Atlanta.
Interest rates are as low as 3 percent for businesses, 2.75 percent for nonprofit organizations and 1.25 percent for homeowners and renters with terms up to 30 years.
The filing deadline to return applications for physical property damage is July 21. The deadline to return economic injury applications is Feb. 22, 2021.