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The original item was published from 5/3/2024 1:35:00 PM to 5/10/2024 4:10:52 PM.

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General Township News

Posted on: May 3, 2024

[ARCHIVED] Flood loan assistance available May 3 to May 18 at South Fayette Municipal Center

SBA US Small Business Administration Logo

The U.S. Small Business Administration (SBA) is opening a Disaster Loan Outreach Center for South Fayette, Allegheny County and all adjacent counties at the South Fayette Township Municipal Center from Fri. May 3 at noon through Sat. May 18 at 2 PM to provide in-person assistance to homeowners, renters, private nonprofits and businesses who sustained flood damage in April and wish to apply for low-interest loans or other financial assistance, such as grants.

  • Questions?
    • Call the SBA: 1-800-659-2955
    • Township staff is not directly involved with this program and cannot answer questions about it.
  •  Location:
  • Hours:
    • Monday through Friday, 9 AM to 6 PM (Fri. May 3 at noon until Sat. May 18 at 2 PM)
    • Saturday, 10 AM to 2 PM
    • Closed Sunday
  • Visiting the center is not required to obtain assistance. Alternatively, download a loan application, complete it and mail it to:
    • U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155
    • Deadline to return disaster loan applications for physical damages is June 28, 2024
    • Deadline to return economic injury disaster loan applications is January 29, 2025

Applicants may immediately obtain information and loan applications by calling 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing the SBA and referencing Pennsylvania Disaster Number PA-20003.

Affected homeowners and renters are strongly encouraged to complete the disaster loan application, as those who do not qualify for an SBA loan may be eligible later for other assistance such as the Commonwealth Disaster Recovery Assistance Program.

 About the Program

  • The Disaster Loan program provides low-interest loans to homeowners, renters, private nonprofits and businesses located in disaster-declared counties who sustained damages from flooding.
  • The SBA can provide up to $500,000 for homeowners to replace or repair their primary residences and up to $100,000 for homeowners and renters to replace or repair personal property.
  • Businesses and most private nonprofits may apply for up to $2 million to cover disaster losses not fully covered by insurance.
  • Additionally, small businesses, small agricultural cooperatives and most private nonprofit organizations located in the declared disaster area that have suffered substantial economic injury may be eligible for an Economic Injury Disaster Loan.

The SBA offers long-term repayment options to keep payments affordable, with terms up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. View details about the SBA’s disaster declaration for the April 2024 flooding.

PA Gov. Josh Shapiro announced that the SBA approved his recent request to make financial aid available to survivors after devastating flooding on April 11 to 12.
 
“The flooding in southwestern Pennsylvania has been devastating, and I remain committed to helping Pennsylvanians recover and rebuild stronger than before,” Gov. Shapiro said. “That’s why we worked with the federal government to open up access to these low interest loans as a tool to ensure homeowners and business owners have the support they need and can recoup unforeseen losses.”

South Fayette Township declared a disaster emergency in April.

Disaster Assistance-Small Business Administration
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