Flood Loan Assistance Deadline Approaching

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BLOOMINGTON (WEEK) – Following the usual flooding in Bloomington in late June, the US Small Business Administration approved a Disaster Declaration for McLean County.

On Wednesday, Rep. Rodney Davis, Rep. Dan Brady, Deputy Director of EMA Katie Beck, and McLean County Sheriff John Sandage spoke to the community about the disaster response.

The SBA had left the city a week earlier after personally sending time there. They continued to offer loans to the community.

“SBA disaster relief is indeed still ongoing for those affected by the June floods. The deadline for filing an application for compensation for physical damage is September 24 this year and April 26, 2022 for economic assistance, ”Davis said.

Flood damage was not eligible for federal support. This came almost six months after Davis urged FEMA to consider the local impact of natural disasters when determining federal aid.

“We have an unfair formula that still exists today. This does not include the lower part of Illinois because most of our population lives in the northeastern part of our state. Nearly every disaster-affected state will not reach this threshold unless FEMA starts doing what my law says, ”Davis said.

Of Bloomington residents who applied for a loan, about 44% of applicants received these loans.

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