SBA Approves Financial Aid For Ida Victims In Berks | Regional News from Berks


HARRISBURG, Pa .– Residents of Berks County and business owners whose property was damaged by the remains of Hurricane Ida can now apply for financial assistance from the federal government.

Pennsylvania Governor Tom Wolf announced Thursday that the U.S. Small Business Administration (SBA) approved a recent request to offer low-interest loans to those affected by the storm in early September.

“Sadly, this storm left a lasting impression on dozens of communities across much of eastern Pennsylvania,” Wolf said. “We are grateful that the SBA has recognized the need for low interest loans, which will undoubtedly help many people and businesses recover.”

Low-interest loans of up to $ 200,000 are available for homeowners and tenants to repair or replace damaged or destroyed real estate, and SBA regulations also allow loans up to 40,000. $ to repair or replace damaged personal property, including vehicles, officials said.

Businesses and nonprofits can borrow up to $ 2 million to restore damaged or destroyed buildings, inventory, equipment, and other physical losses.

Economic disaster loans are also available to pay off fixed debts, payrolls, accounts payable and other bills that cannot be paid due to the impact of the disaster, whether or not the business has suffered losses. physical damage from the storm.

Over the next two weeks, the SBA will staff a disaster relief loan center in Berks County to provide in-person assistance to those who wish to seek help.

The center will open Friday from noon to 6 p.m. Berks County Firefighter Training Center at 895 Morgantown Road (Route 10) in Reading. It will then be open Monday to Friday from 9 am to 6 pm; and Saturday October 9 and Saturday October 16, from 10 a.m. to 2 p.m. The center will close permanently at 4 p.m. on October 21.

Immediate help and loan requests are available by calling the SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or by sending an email to [email protected]

The SBA’s approval for Berks also makes aid available to residents of neighboring Lancaster, Lebanon, Lehigh and Schuylkill counties. Storm victims in the hard-hit counties of Chester and Montgomery were already eligible for SBA loans and other federal aid.

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