Oct. 19, 2017
We were notified yesterday that the Small Business Association (SBA) has announced a 15-day grace period for Lake County residents impacted by the July 2017 floods to apply for low-interest, physical damage loans. Below is more information on the SBA loans and some other news that may be of interest to those impacted in July.
Grace Period to Apply for Physical Property Damage Loans
The Small Business Association has announced a 15-day grace period to apply for low-interest, physical property damage loans. The filing deadline is now Nov. 1, 2017. Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
The deadline to apply for Economic Injury loans, such as loans to assist small businesses and non-profits through the recovery period, is May 16, 2018.
Applicants may apply online using the Electronic Loan Application (ELA) on the SBA’s website at https://disasterloan.sba.gov/ela.
Disaster loan information and applications may also be obtained 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 firstname.lastname@example.org.
Floodproofing Expo and Workshop Today
The Stormwater Management Commission is hosting a Floodproofing Expo and Workshop for homeowners and property owners to learn about products, services, and solutions to minimize flood damages to your properties. The event will take place from 3 to 8 p.m. Oct. 19 at the Libertyville Sports Complex. Explore exhibitor tables, and listen to presentations, where you can learn about how drainage systems work and ask questions about anything from flood insurance to best practices for flood damage protection. The event is free.
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