Hogan Announces Low-Interest Loans Available For Those Impacted By Hurricane Ida

ANNAPOLIS, Md. (WJZ) — Gov. Larry Hogan connected Monday announced national support of a catastrophe declaration that volition marque low-interest catastrophe loans disposable to businesses, nonprofits, and homeowners impacted by Hurricane Ida.

The remnants of Hurricane Ida spawned 2 confirmed tornados implicit Anne Arundel County that near important harm to homes and businesses. Torrential rainfall near down superior flooding successful different areas.

READ MORE: Arrest Made In Murder Of Baltimore Man Killed Over Neighborly Feud

The U.S. Small Business Administration catastrophe declaration unlocks low-interest loans for impacted areas successful Anne Arundel, Cecil, Montgomery, Baltimore, Calvert, Frederick, Harford, Howard, Kent, and Prince George’s counties and Baltimore City.

The Governor’s Office said the loans include:

• Business Physical Disaster Loans: Loans to businesses to repair oregon regenerate disaster-damaged spot owned by the business, including existent estate, inventories, supplies, machinery, and equipment. Businesses of immoderate size are eligible. Private, non-profit organizations specified arsenic charities, churches, backstage universities, etc., are besides eligible.
• Economic Injury Disaster Loans: Working superior loans to assistance tiny businesses, tiny cultivation cooperatives, tiny businesses engaged successful aquaculture, and astir private, non-profit organizations of each sizes conscionable their mean and indispensable fiscal obligations that cannot beryllium met arsenic a nonstop effect of the disaster. These loans are intended to assistance done the catastrophe betterment period.
• Home Disaster Loans: Loans to homeowners oregon renters to repair oregon regenerate disaster-damaged existent property and idiosyncratic property, including automobiles.

READ MORE: Study: Less Than 1% Of Defendants Whose Low-Level Charges Were Dropped By Mosby Went On To Commit More Serious Crimes

“I privation to convey the national medication for acting swiftly connected our petition for this catastrophe declaration, which volition marque much assistance disposable to businesses and homeowners affected by the storm,” Gov. Hogan said. “Our medication volition proceed to enactment intimately with section leaders and bash everything we tin to assistance homeowners and businesses recover.”

Last Friday, the politician announced $4 cardinal successful relief for homeowners and businesses who suffered damages.

MORE NEWS: Maryland Women's Basketball Opens Season Ranked No. 4 In AP Poll; Men's Team Ranked No. 21

CBS Baltimore Staff