Titusville Residents Recovering from recent Floods Now Eligible for Federal Disaster Loans
Titusville, FL – Homeowners, renters, and businesses in areas impacted by recent flooding are now eligible to apply for low-interest disaster loans from the U.S. Small Business Administration (SBA). the loans are available to help cover losses not fully compensated by insurance and to facilitate long-term recovery efforts.
The SBA disaster loan program provides crucial financial assistance to individuals and communities grappling with the aftermath of natural disasters. These funds are designed to bridge the gap between immediate needs and full recovery, allowing residents and business owners to rebuild and restore their properties to pre-disaster conditions. The availability of these loans is particularly vital as many face unexpected expenses beyond their existing insurance coverage.
Homeowners can borrow up to $500,000 to repair or replace their primary residence, while homeowners and renters are eligible for up to $100,000 to cover personal property losses. Businesses and nonprofit organizations can access loans of up to $2 million for physical damage and economic injury.
Applicants are encouraged to apply now, even if they haven’t yet received insurance settlements. The SBA will adjust loan amounts accordingly once insurance details are finalized.
To Apply:
* Online: Visit the SBA website at www.sba.gov/disaster.
* By Phone: Call 800-659-2955. Representatives are available Monday through Friday,8 a.m. to 8 p.m. EST.
