BREAKING NEWS: Flood Assistance

Friday, July 1, 2022

SBA Disaster Loan Assistance for Montana Spring Flooding (7.1.22)   SBA disaster relief programs affiliated with the Presidential Disaster Declaration issued yesterday, June 30, 2022, regarding the Spring Flooding which began on June 10, 2022. The process to locate sites for Disaster Recovery Centers is currently underway, we (and FEMA) will send out notifications on when that is finalized. The SBA Office of Disaster Assistance is a federal agency tasked with assisting with the recovery after disasters, like the recent Spring Flooding, utilizing federally funded low interest loans for homeowners, renters, businesses of all size and most private non-profit organizations. I will be based in Livingston for this event and available for interviews, both in-person or via Zoom. We will have additional PIO staff members arriving next week who will be based in Billings to cover Carbon and Stillwater counties. Primary Counties (Physical Damage and Economic Injury Loans): Carbon, Park, Stillwater. Contiguous Counties (Economic Injury Loans Only): MONTANABig Horn, Gallatin, Golden Valley, Meagher, Sweet Grass, Yellowstone. WYOMINGBig Horn, Park. Quick Resources

  • People can get in-person assistance: Locations & Opening TBA
  • To apply online they can visit (starting June 30, 2022) : https://DisasterLoanAssistance.SBA.gov
  • Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339

==============================================================

  • SBA disaster loans are the primary source of federal assistance to help pay for repair or replacement costs not fully covered by insurance or other compensation.
  • SBA offers low-interest disaster loans to homeowners, renters, businesses of all sizes, and most private nonprofit organizations.
  • Homeowners may borrow up to $200,000 to repair or replace their primary residence.
  • Homeowners and renters may also borrow up to $40,000 to replace personal property.
  • Businesses may borrow up to $2 million for any combination of property damage and/or economic injury.
  • SBA also offers low interest working capital loans (called Economic Injury Disaster Loans) to small businesses, small businesses engaged in aquaculture and most private, nonprofit organizations of all sizes having difficulty meeting obligations as a result of the disaster.
  • Interest rates can be as low as:
    • 1.688 percent for homeowners and renters
    • 2.935 percent for businesses
    • 1.875 percent for private nonprofit organizations.
  • The loans may have terms up to 30 years
  • There are also programs for mitigation funding

Category:

Upcoming Events