Low-Interest Loans For Flooding Victims Approved

Low-interest loans of up to $200,000 are available to homeowners and renters to repair or replace damaged or destroyed real estate, and SBA regulations also permit loans up to $40,000 to repair or replace damaged personal property, including vehicles. Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and other physical losses. Economic Injury Disaster Loans are also available and may also be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, whether or not the business sustained physical damage from the storm.  The SBA offers long-term repayment options to keep payments affordable, with terms up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.  The SBA will open Disaster Loan Outreach Centers (DLOCs) in Bucks County and Philadelphia to provide in-person assistance for those wishing to apply, and anyone from any county included in the disaster declaration can visit any DLOC location. However, businesses and individuals may immediately obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing DisasterCustomerService@sba.gov.  

 

Bucks County

Location has moved to:

Bucks County Free Library, Levittown Branch

7311 New Falls Rd.

Levittown, PA, 19055

 

Hours of Operation: 

Tuesday 8/3 – until 6 PM

Wednesday 8/4 – 9 AM – 6 PM

Thursday 8/5 – 9 AM – 6 PM

Friday 8/6 – 9 AM – 6 PM

Saturday 8/7 – 10 AM – 2 PM

Monday 8/9 – 9 AM – 6 PM

Tuesday 8/10 – 9 AM – 6 PM

Wednesday 8/11 - 9 AM – 6 PM

Thursday 8/12 - 9 AM – 4 PM

 

Those who were affected can also apply online or by phone:

 

Virtual DLOC

Open:   Monday – Sunday (7 days/week)

Hours:   8 a.m. – 8 p.m. EDT Email:     FOCE-Help@sba.gov

Phone: (800) 659-2955

 

Or, online

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration # 17054, not for the COVID-19 incident.

 

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by emailing DisasterCustomerService@sba.gov. Loan applications may be downloaded at sba.gov/disaster

 

Alternatively, loan applications can be downloaded at sba.gov/disaster and completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

 

The SBA has created a number of fact sheets to help applicants understand the SBA loan process: 

• The Three Step Process
• FAQ for homeowners and renters
• Fact Sheet for Homeowners and Renters
• Fact Sheet for Businesses of All Sizes

The filing deadline to return applications for physical property damage is Sept. 27, 2021. The deadline to return economic injury disaster loan applications is April 29, 2022.

---

FEMA National Flood Insurance Maps

FEMA Reclassified Properties in Several Large Areas of Bristol Township for Flood Insurance in 2016. The new maps – also known as digital Flood Insurance Rate Maps (FIRMs) –reflect current flood risks. These new maps are available at the Bristol Township Administration Building for Bristol Township. There are several locations to review flood maps.

FEMA Floodplain Map - https://www.fema.gov/flood-maps

Bucks County Floodplain Viewer - https://www.arcgis.com/. Type in your address in the search box on the upper left, and click Floodplains (FEMA) on the layer list on the right.

Click here for a pdf view of the floodplain in Bristol Township.