Titusville โResidents Recovering from recent Floodsโ Now Eligible for Federal Disaster Loans
Titusville,โ FL – Homeowners, renters, and businesses in areas impacted by recent floodingโ are now eligible โto apply for low-interest disaster loans from the U.S.โ Small Businessโฃ Administrationโข (SBA). the loans are available toโฃ help cover losses not fully compensated by insurance and โto facilitate long-term recovery efforts.
The SBA โขdisasterโ loan program provides crucialโ financial โassistance to individuals and communities grapplingโ with the aftermath of natural disasters. โTheseโ funds are designed โคto bridge the gap between immediate โneeds andโ full recovery, allowing residents and business ownersโ to rebuildโข and restore their properties to pre-disaster conditions. The โฃavailability of these loansโ isโฃ particularly vital asโ many face unexpected expenses beyond their โexistingโข insuranceโค coverage.
Homeowners can borrow up to $500,000โข toโค repairโค or replaceโฃ their primary residence, โขwhile homeowners and renters are eligible for โฃup toโ $100,000 to cover personal property losses. Businessesโ and nonprofit organizations can access โloans of up to $2 million for physical damage and economic injury.โ
Applicants are encouraged to apply now, even if they haven’t yet receivedโ insurance settlements. The SBA will adjustโ loan amounts accordingly onceโข insurance details are finalized.
To Apply:
* โ Online: Visit the SBA website at www.sba.gov/disaster.
* By Phone: Call 800-659-2955. Representatives are โavailable Monday through Friday,8 a.m.โ to 8 p.m. โEST.
