SBA Disaster Loan Awareness Center Moves to New Location
The Small Business Administration is moving one of its disaster loan awareness centers in Bucks County to a new location starting Wednesday.
Starting at 9:00 a.m., SBA representatives will be stationed at the Levittown Library at 7311 New Falls Road in Bristol Township. It sits directly across from its original location at the Lower Bucks Government Service Center.
The change in location was necessitated by a need for more space, SBA spokeswoman Cecilia Flike-Jacobson said.
The SBA on Monday opened two offices in Bucks County for those affected by the July 12 storm as well as in Philadelphia, Montgomery, Lehigh and Northampton counties.
At this time, apps are not available for those affected by the tornadoes that hit Bucks County last Thursday. This would have to be approved as part of a separate declaration as it had nothing to do with the flooding.
The SBA provides disaster assistance to homeowners and tenants, as well as businesses and nonprofits, in the form of low-interest loans to help with repairs or replacement of property, including including vehicles.
More help for the July 12 flood:Bucks County flood victims eligible for low interest loans to help recovery
The interest rates on loans vary depending on whether the person or organization can obtain credit elsewhere. According to the SBA fact sheet, a person who cannot get another loan will have to pay 1.625% for a home loan, 2.88% for a business loan, or 2% for a nonprofit loan. If the applicant can get credit elsewhere, the rates are 3.25% for a home loan, 5.76% for a business loan, and 2% for a nonprofit. The loans can have repayment terms of up to 30 years.
For more information on SBA loans, call its Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or email [email protected] .
Disaster relief requests for victims of the July 12 floods are also received at the Katharine Drexel Library, 11099 Knights Road, Philadelphia, Monday, noon to 6 pm; Tuesday to August 3, 9 a.m. to 5 p.m. August 7 from 10 a.m. to 2 p.m. August 9 to 11, 9 a.m. to 5 p.m. and August 12, 9 a.m. to 4 p.m. No request will be accepted on August 8.
More disaster assistance available:Bucks has been hit hard by natural disasters. Here is the help available now