Politics & Government

Baldwin-Whitehall Residents May Be Eligible for Storm-Damage Loans

The decision was made after officials conducted damage assessments in the area.

Residents and businesses in the Baldwin-Whitehall area that were affected by severe storms and flooding earlier this month can apply for low-interest disaster loans from the U.S. Small Business Administration (SBA).  

"There are many businesses and residents who were impacted by the severe storms that went through our county recently, who are still struggling to get up and running," Allegheny County Chief Executive Rich Fitzgerald said. "Thanks to the Small Business Administration and the governor's advocacy, loans of up to $200,000 will be available to homeowners to repair or replace damaged or destroyed real estate, and loans of up to $40,000 will be available to repair or replace damaged or destroyed personal property."

SBA officials, along with local and state officials, conducted damage assessments, which Gov. Tom Corbett used to support his assistance request to the SBA.

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Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

The SBA may increase a loan up to 20 percent of the total amount of damage to make upgrades that lessen the risk of property damage by similar, future disasters.

Find out what's happening in Baldwin-Whitehallwith free, real-time updates from Patch.

Interest rates are as low as 1.875 percent for homeowners and renters, 2.875 percent for nonprofit organizations and 4 percent for businesses with terms of up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition. Applicants may apply online using the Electronic Loan Application via SBA's secure website at https://disasterloan.sba.gov/ela.

For small businesses and most private nonprofit organizations of all sizes, the SBA offers Economic Injury Disaster Loans to help to meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether or not the business suffered any physical property damage.

A Disaster Loan Outreach Center will open tomorrow, Wednesday, July 31, at 1 p.m. and will remain open through Aug. 8 to work with homeowners and businesses in answering questions as well as helping to complete applications. The center is located at the Allegheny County Airport, Main Terminal, Building 12 (inside main doors) at 12 Allegheny County Airport (Lebanon Church Road), West Mifflin, PA 15122.

Hours of operation are 9 a.m. to 6 p.m. from Aug. 1 through Aug. 8. On Saturday, Aug. 3, the center will be open from 10 a.m. to 2 p.m. The center will be closed on Sunday, Aug. 4.

Individuals and businesses unable to visit the center may also obtain information and loan applications by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing disastercustomerservice@sba.gov.

Loan applications can also be downloaded at www.sba.gov/disaster. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Rd., Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is Sept. 27, 2013. The deadline to return economic injury applications is April 29, 2014.


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