Governor Wolff Announces Low Interest Loans Available For Survivors Of The Devastating July Flood

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Harrisburg, PA – Governor Tom Wolf announced today that the US Small Business Administration (SBA) approved his request for financial assistance to residents of Bucks, Philadelphia and Tioga counties following violent storms that caused devastating flooding and significant damage on July 12. Residents and businesses in neighboring Bradford, Delaware, Lehigh, Lycoming, Montgomery, Northampton, and Potter counties can also seek help.

“The destruction caused by this flood will remain in the minds of survivors for years to come,” Governor Wolf said. “But we hope these low-interest loans will provide much needed help in helping people get back to their normal lives as quickly as possible.”

Flood-affected areas received 6 to 10 inches or more of rain over three to four hours, damaging homes and destroying personal property and vehicles, according to the National Weather Service. Homeowners, renters, and flood-affected businesses in Bradford, Bucks, Delaware, Lehigh, Lycoming, Montgomery, Northampton, Philadelphia, Potter and Tioga counties may be eligible for low-interest disaster loans through our contingency loan programs natural disasters SBA.

Low interest loans of up to $ 200,000 are available to homeowners and tenants to repair or replace damaged or destroyed property, and SBA regulations also allow loans of up to $ 40,000 to repair or replace damaged personal property, including vehicles. Businesses and nonprofits can borrow up to $ 2 million to rebuild damaged or destroyed buildings, inventory, equipment, and other physical losses. Economic Disaster Loans are also available and can also be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid due to the impact of the disaster, regardless of whether the business has incurred physical damage from a hurricane.

The SBA offers long-term repayment options to keep payments affordable for up to 30 years. The timing is determined on an individual basis, based on the ability of each borrower to make payments.

The SBA will open Disaster Loan Information Centers (DLOCs) in Bucks County and Philadelphia to provide personal assistance to those who wish to apply, and anyone from any counties listed on a distress declaration may visit any DLOC location. Tioga County DLOC will be created virtually. However, businesses and individuals can obtain immediate information and loan applications 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 email … DisasterCustomerService@sba.gov

Bucks County:

Bucks County Free Library, Levittown Branch
7311 New Falls Rd.
Levittown, Pennsylvania 19055

Estimated opening hours:
Tuesday, August 3: until 6:00 pm.
Wednesday – Friday 4th August – 6th August: 9:00 am – 6:00 pm
Saturday, August 7: 10:00 – 14:00 (this is the only Saturday).
Sunday 8 August: CLOSED.
Monday – Thursday, August 9 – August 12: 9:00 AM – 6:00 PM

Philadelphia:

Catherine Drexel Library
11099 Knights Rd.
Philadelphia, PA 19154

Estimated opening hours:
Monday 2 August 12:00 – 18:00
Tuesday – Friday, August 3 – August 6: 9:00 am – 5:00 pm
Saturday, August 7: 10:00 – 14:00 (this is the only Saturday).
Sunday 8 August: CLOSED.
Monday – Wednesday, August 9 – August 11: 9:00 AM – 5:00 PM
Thursday 12 August – 9:00 am to 4:00 pm

Tioga:

Virtual Disaster Loan Support Center (VDLOC)
Opening hours:
Sunday – Saturday from 8:00 to 20:00.
Customer Service Center: 800-659-2955
Email: disaster customerservice@sba.gov

In addition, loan applications can be downloaded at sba.gov/disaster completed applications should be sent to: United States Small Business Administration, Funds Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The SBA has developed a series of newsletters to help applicants understand the SBA loan process:

The deadline for filing claims for compensation for material damage is September 27, 2021. The deadline for returning loan applications due to economic damage is April 29, 2022.

MEDIA CONTACTS: Lindsay Kensinger, Governor’s Office, RA-GVGOVPRESS@pa.gov

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