Home Correctional service Disaster loans available for businesses in Western Australia hit by January floods

Disaster loans available for businesses in Western Australia hit by January floods

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Federal assistance will soon be available for families and businesses affected by the severe storm in January.

The U.S. Small Business Administration announced Wednesday that low-interest disaster loans would be available for Cowlitz, Grays Harbor, Lewis, Pacific, Pierce, Skamania, Thurston, Wahkiakum and Yakima counties. Applications will open on Thursday, February 17.

A severe winter storm swept through the Pacific Northwest on January 7, flooding roads, destroying homes and claiming lives.

Cleanup efforts are still underway in counties like Grays Harbor, which have been submerged in floodwaters.

The Federal Emergency Management Agency (FEMA) has made federal assistance available to families in Skagit and Whatcom counties.

“The SBA’s mission-focused team is ready to help small businesses and Washington residents affected by winter weather and flooding,” said SBA Administrator Isabella Guzman. “We are committed to providing federal disaster loans quickly and efficiently, with a client-centric approach to help businesses and communities recover and rebuild.”

Businesses and private non-profit organizations of all sizes can apply to borrow up to $2 million for repairs, replacement of property, machinery, equipment, inventory and other assets that are damaged or damaged. destroyed.

Landlords can seek up to $200,000 to repair or replace damaged real estate. Landlords and tenants can receive up to $40,000 to repair or replace damaged personal property.

The SBA says it can lend additional funds to businesses and homeowners for improvements to protect their properties from future flooding.

“Federal low-interest disaster loans are available to businesses of all sizes, most private non-profit organizations, homeowners and renters whose property was damaged or destroyed by this disaster” , said Tanya N. Garfield, director of Western operations for the SBA. “The [Disaster Loan Outreach Center] will be open on the days and times indicated below. No appointment is necessary.”

The Disaster Loan Awareness Center is located at the Lewis County Courthouse in Chehalis, 351 NW North St., Room 121. Hours of operation are Monday through Friday, 8 a.m. to 5 p.m. The office will be closed for President’s Day on February 21.

Interest rates are a minimum of 2.83% for corporations, 1.875% for private non-profit organizations and 1.438% for landlords and tenants with terms up to 30 years. The rates are set according to the financial conditions of the candidates.

People can apply for loans on the SBA’s website, by calling (800) 659-2955, or by emailing [email protected] Applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline for claiming property damage is April 18, 2022; the deadline for economic harm is November 15, 2022.

FRONT COVER: Thurston County Offers Free Water Testing to Residents Affected by Flooding

RELATED: Federal aid offered to those affected by the floods

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