Relief will soon be on the way for those who suffered significant damage from the April 3rd storm that blew through the Tennessee Valley.
Governor Kay Ivey announced Wednesday the U.S. Small Business Administration approved a request for disaster assistance for Morgan County and the adjacent counties: Cullman, Lawrence, Limestone, Madison and Marshall. Meaning, homeowners, renters and businesses will be able to apply for low-interest disaster loans to help with repairs and recovery.
Disaster Loan Outreach Center
- Morgan County Entrepreneurial Center, Inc ( E-Center)
- 1629 4 th Ave. S.E. Decatur, AL 35601
- Friday, April 20 at 11:00 a.m
- Monday – Friday, 9:00 a.m. – 6:00 p.m.
- Saturday, April 21 and Saturday, April 28, 10:00 a.m. – 2:00 p.m
- Sunday, April 22 and Sunday, April 29, 2018
- Monday, April 30, 2018, at 4:30 p.m
The Disaster Loan Outreach Center will open Friday morning at 11 a.m.
“The SBA is strongly committed to providing the people of Alabama with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Linda McMahon, administrator of the U.S. Small Business Association, in a statement.
“Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Next to insurance, Small Business Administration loans are the primary source of funds for real estate property repairs and replacing lost goods following a disaster.
“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,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
The City of Decatur will also work with Voluntary Organizations Active in Disasters (VOAD) to process assistance applications for financial aid for those who may not be able to qualify for the low-interest loans.
To streamline the recovery process, VOAD will process requests for financial assistance through an appointed case manager, who will collect applications from qualifying residents. All applications will, in turn, be reviewed by the Disaster Recovery Team to determine funding amounts.
Those needing assistance can also apply online using the Electronic Loan Application (ELA) at the SBA's website.
All donated funds to support storm relief efforts will be received by the United Way of Morgan County.
If giving online at www.uwmcal.org, please mention “VOAD” or “Disaster Relief” in the special instructions box.
Decatur Mayor Tab Bowling will hold a press conference Thursday at 8:15 a.m. at city hall to discuss the recovery effort and VOAD's involvment.
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