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.