With some damage not covered by insurance, SBA loans open to tornado victims in western suburbs – CBS Chicago


WOODRIDGE, IL (CBS) – A month ago, Tuesday, people in Woodridge as well as Naperville ran for cover like Tornado EF-3 broke the way through the communities.

For many, the pain doubled when they learned that some of the damage was not covered by insurance.

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But as CBS 2’s Marie Saavedra reported on Tuesday night, some of these tornado victims are getting a second chance.

Trauma does funny things over time, so it somehow creeps up and speeds up.

“I wish it was not a month yet, but a month has passed – it is moving fast!” – said Joe Biondo.

For the first time, Biondo gave us a tour of his own torn apart courtyard in Woodridge on June 22.

Since then, he has struggled with paperwork and learned that not everything that needs to be corrected can be obtained through his reporting.

“Our insurance only covered our garage and fence, so we can only pay for that,” Biondo said. “The rest had to fall out of our pocket.”

Another blow came when the Federal Emergency Management Agency turned down a natural disaster declaration in the area, leaving these neighbors in desperate need of financial assistance.

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But a month after the tornado touched the tornado, the US Small Business Administration opened a store inside Woodridge Village Hall, opening loan applications for hurricane victims.

“Insurance can be, you know, slow, so it’s good to know that this is another route they can take during this difficult time,” said Janelle Finley of the Small Business Administration.

Illinois submitted a Hurricane Damage Report for Dupage County to obtain the tax return. The assessment found that 36 homes in the county suffered severe damage, with uninsured losses of more than $ 2.6 million. An additional 127 homes and six businesses suffered minor damage worth more than $ 3 million.

“It will help,” Biondo said. “It will help a lot of neighbors because it is a lot of money.”

Biondos are planning to apply and use the money to fix the fence and maintain their sloped garage. It is financial assistance that can significantly affect how this area will look in the next few months.

“I want to try to do it by the end of the summer – that’s my goal,” he said.

The SBA is accepting applications in person at Woodridge Village Hall until July 29th.

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Storm victims can also apply online. You can find the application here

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