Mahoning and Columbiana added to disaster relief

Residents of Lawrence,  Mercer, Mahoning and Columbiana counties affected by several strong storms and small tornados are able to get some assistance.

The U.S. Small Business Administration granted the state’s request to declare those counties “disaster areas” because of the storms and flooding between June 26 and July 21.

Residents may be eligible for low-interest disaster loans from the SBA.

Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. SBA regulations permit loans up to $40,000 to repair or replace personal property.

Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. Loan amounts and terms are set by the SBA and are based on each applicant’s financial qualifications.

The SBA has established a disaster loan outreach center from Aug. 20-27 at the Lawrence County Community Action Center at 241 W. Grant St. in New Castle.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s