LIMA — The U.S. Small Business Administration is offering help to those affected by the severe weather in May.
Businesses of all sizes, non-profit organizations, homeowners and renters are eligible for disaster loans designed to replace uninsured or under-insured damaged property, according to SBA Public Affairs Specialist Sandra Lawson.
Types of loans include a business physical disaster loan, economic injury disaster loan and home disaster loan.
For damage done May 27 through 29, those in Auglaize and Mercer counties are eligible for physical damage loans. Economic injury loans are available for those in Allen, Hardin, Logan, Shelby and Van Wert counties. The application deadline for physical damage is Aug. 19 and March 18, 2020, for economic injury.
For damage done by the May 17 rainfall and flooding, those in Auglaize, Allen, Hardin, Logan, Mercer, Shelby and Van Wert are eligible for physical damage loans. These applications are due Aug. 26 and economic injury applications are due March 27, 2020.
Businesses may borrow up to $2 million for physical damage or economic injury. Homeowners may borrow up to $200,000 for damage done to a primary residence. Homeowners or renters may borrow up to $40,000 for damaged personal property.
Apply for disaster loans at disasterloan.sba.gov/ela or by calling 800-659-2955.
Reach Tara Jones at 567-242-0511.