Pennsylvania businesses and residents affected by heavy rain and flash flooding on Aug. 5 may apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Isabella Casillas Guzman announced today.
Administrator Guzman made the loans available in response to a letter from Pennsylvania Governor Tom Wolf dated Aug. 17, requesting a disaster declaration by the SBA. Businesses and residents in the declared area can now apply for low-interest disaster loans from the SBA. The declaration covers Westmoreland County and the adjacent counties of Allegheny, Armstrong, Cambria, Fayette, Indiana, Somerset and Washington in Pennsylvania.
“The SBA is strongly committed to providing the people of Pennsylvania with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Guzman. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
To assist businesses and residents affected by the disaster, the SBA will open a Disaster Loan Outreach Center (DLOC) in Latrobe, Pa., at 11 a.m. Wednesday, Aug. 24. (Please see the release for details.)
Interest rates are as low as 3.04 percent for businesses, 1.875 percent for nonprofit organizations, and 2.188 percent for homeowners and renters, with terms up to 30 years. Applicants may apply in person at the Disaster Loan Center or online at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration # 17579.
Public Affairs Specialist Courtney Smith is the Public Affairs Lead for this declaration. Please direct any questions to her at (202) 945-7510 (cell) or email@example.com. She is available for Facebook Live videos, public meetings, presentations, Zoom calls, recovery fairs, etc.