Washington residents in a number of counties are eligible to use for loans that can be utilized to make repairs on flood-damaged houses and companies.
LEWIS COUNTY, Wash. — Editor’s be aware: The above video on volunteers serving to to wash up flood harm in Lewis County initially aired on Jan. 15, 2022.
Residents in a number of Washington counties are eligible to use for catastrophe loans that can be utilized to make repairs on flood-damaged houses and companies following a catastrophe declaration by the Small Enterprise Administration (SBA).
Flooding hit a number of southwest Washington counties in early to mid-January following snowmelt and heavy rainfall throughout the area. Many rivers rose above flood stage and remained there for a number of days, inundating close by communities.
Help is out there in Cowlitz, Grays Harbor, Lewis, Pacific, Pierce, Skamania, Thurston, Wahkiakum and Yakima counties.
Companies and personal nonprofit organizations can borrow as much as $2 million to restore or substitute broken buildings, equipment, tools, stock and different enterprise belongings, based on the SBA.
Catastrophe loans of as much as $200,000 can be found to householders to assist with the price of repairing or changing houses. Owners and renters could qualify for $40,000 loans to restore or substitute broken or destroyed private property.
Further loans to assist with the price of enhancements to attenuate future flood harm are additionally obtainable to householders and enterprise house owners.
The deadline to use for property harm is April 18, 2022. The deadline to use for financial damage is Nov. 15, 2022.
Rates of interest could be as little as 2.83% for companies, 1.87% for personal non-profit organizations and 1.43% for householders and renters with phrases as much as 30 years.
Go to the SBA’s web site to be taught extra concerning the loans and begin an software.
SBA customer support representatives can be on the Lewis County Courthouse beginning Thursday, Feb. 17 to reply questions concerning the catastrophe mortgage program, clarify the applying course of and assist those that are eligible full their functions.
The middle can be open Monday by Friday from 8 a.m. to five p.m. till March 3.