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SBA disaster assistance for Berks businesses, residents for Hurricane Ida damage

From County of Berks

SBA disaster assistance for Berks businesses, residents for Hurricane Ida damage

The County of Berks is pleased to share that the U.S. Small Business Administration has announced that it will be offering disaster assistance to businesses and residents in Berks County that were affected by the remnants of Hurricane Ida between Sept. 1-3.

Berks County businesses and residents can apply for low-interest disaster loans from the SBA to repair or replace damaged real estate and property.  These loans were made available in response to a letter from Gov. Tom Wolf on Oct. 4 that requested a disaster declaration for our area and the hard work of the Berks County Department of Emergency Services to collect and document the extent of damage within the county.

Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace damaged buildings, inventory, equipment and other losses, while homeowners can request loans up to $200,000 for damaged real estate and up to $40,000 for damaged personal property, including vehicles.

The SBA will open a Disaster Loan Outreach Center in Berks County to assist with questions about the disaster loan program and help individuals complete their applications. The Center will officially open tomorrow, October 8, from noon to 6 p.m., at the Berks County Fire Training Center, 895 Morgantown Road, Reading. Hours of operation will be as follows:

The Center will permanently close at 4 p.m. on Thursday, October 21.

Assistance is also available through the SBA’s Customer Service Center at 1-800-659-2955 or by emailing [email protected]. Loan applications can be downloaded at  sba.gov/disaster.

SBA Press Release

SBA Fact Sheet 

A press release from the Governor’s Office can be found here: https://www.governor.pa.gov/newsroom/gov-wolf-announces-low-interest-loans-available-for-those-affected-by-flash-flooding-related-to-remnants-of-hurricane-ida/