Federal Loans amounting to $21 million has been granted to help the victims of Storm Debby. The grant has been approved within a month to help people repair flooding and storm ravages in the State of Florida. The disaster recovery efforts delivered in Florida are as follows:-
• For home repairs, short-term rental assistance, housing grants, and repairing costs, $14.8 million has been approved.
• FEMA grants went to 4,190 households so as to assist in overcoming housing and personal property losses.
• SBA low-interest disaster loans received $4.3 million and it can be used to repair homes and make replacement of damages to personal property.
• For dental expenses, medical, and lost personal possessions, $1.9 million grants have been approved.
The county-wise state loan approvals made in Florida can also be summarized as below:
Baker County: FEMA grant money amounting to $553,358.45 has been approved to Baker county. The SBA agency also approved $146,200.00 as loan grant. Also, 248 FEMA registrations and 139 SBA loan applications are issued.
Nassau County: It received $187,571.99 FEMA grant money. SBA also gave the sum of $11,600.00 in loans. Also, 71 FEMA registrations and 53 SBA applications are being issued.
Duval County: The U.S. Small Business Association gave out $55,500.00 in loans to this county. The county received a $707,074.90 FEMA grant. Also, 610 FEMA registrations are made and 351 SBA apps have been issued so far.
Clay County: The Clay County has been approved for a $741,463.16 FEMA grant. SBA gave out $319,200.00 as loans. Besides, the county is also benefited with 417 FEMA registrations and issuance of 299 SBA applications.
Around 12,000 Debby survivors have contacted the Federal Emergency Management Agency for disaster assistance. For others who haven’t received help so far, there is the online FEMA Helpline where business owners can find assistance related to disaster loans and legal assistance.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to firstname.lastname@example.org