Sep 09 2014

Disaster Declaration Clears Means For Loans For Windstorm Sufferers

Property owners, renters and businesscompany owner attacked hard in a July windstorm might be eligible for federalhelp.

The US Small BusinessSmall company Association announced Wednesday it has given a disaster declaration for the July 23 storm that attacked Eastern Washington and NorthIdaho.

The SBA will certainly offer low-interest loans to those with broken houses, companies or property. “Our next-door neighbors invested a lifetime creating their homes and companies which were removed in mere minutes by this powerful windstorm,” said Gov. Jay Inslee in a prepared statement. “I’m pleased that they now qualify for crucial federal programs that will assist them get back on theirfeet.”

The July 23 windstorm destroyed 53 houses in Eastern Washington, Inslee’s officesaid.

“This has actually been an uncommonly devastating summer for Washington, which has stretched our state’s capability to respond to those who require our help,” the guv’s statementsaid.

Agents from the SBA will open a disaster loan outreach center today at the New Hope Resource Center, 4211 E. Colbert Roadway. The center will certainly be open 9:30 am to 6 pm weekdays with Sept. 11. The loans are available to locals of Spokane, Lincoln, Pend Oreille, Stevens and Whitman counties in addition to Benewah, Bonner and Kootenai counties inIdaho.

Homeowners do not need to bring photos or other documents of damage to the outreach center, stated Yolanda Stokes, SBA public informationofficer.

“We will help them fill out the application then go from there,” Stokes stated. “We really send out our own loan verifiers to assess thedamage.”

Interest rates on the loans can be as low as 2.2 percent for approximately 30 years. House owners might borrow as much as $200,000 to repair or change broken genuineproperty. Tenants and house owners are eligible for up to $40,000 to change personal propertypersonal effects, which can consist of everything from clothing to furnishings to vehicles. Businesses can obtain approximately $2 million to fix or change broken buildings, equipment orinventory.

Spokane County Commissioner Todd Mielke, who stands for northern Spokane County, which was struck hard in the storm, said he is happy that the federal loans will certainly be readily available for those affected by thestorm.

He has been going to locations in his district harmed by storms in recent weeks, especially the hard-hit Riverside Village mobile house park, which suffered damage in several storms thissummer.

“It’s simplysimilar to a magnet,” he stated. “It seems like the exact same locations got struck throughout all threestorms.”

Disaster loan applications are due by Nov. 3. Locals who cannot make it to the outreach center can apply online at disasterloan. sba. gov/ela or call -LRB-800-RRB- 659-2955 to have an application mailed tothem.