WASHINGTON, D.C. (WENY) -- Some news of relief for residents who were impacted by the severe flooding in August in the Northern Tier.
The U.S. Small Business Administration (SBA) approved Governor Tom Wolf's request to declare a disaster in Bradford, Columbia, Delaware, Northumberland, Schuylkill and Susquehanna counties.
It covers flood damage to homes and businesses as a result of severe storms between August 10th - 15th, 2018.
Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. It also permits loans up to $40,000 to repair or replace personal property.
Additionally, businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. Loan amounts and terms are set by the SBA and are based on each applicant’s financial qualifications.