FOR IMMEDIATE RELEASE
WISE, VA. — Flood victims in southwestern Virginia are being urged to complete and return their U.S. Small Business Administration (SBA) loan applications, even if they don’t intend to take a loan.
Federal Emergency Management Agency (FEMA) officials say if a loan packet was issued to a disaster assistance applicant, it is important that it be completed because it will affect the assistance that is offered. The SBA needs to determine if a flood victim can afford a low interest loan and if the applicant can afford it, one will be offered.
If the SBA determines that a renter or homeowner cannot afford to repay a loan, the application is referred to the Individual and Family Grant (IFG) program for consideration. The average grant will be lower than the typical loan for which a flood victim can qualify.
The application process begins with a call to FEMA’s toll-free telephone number,
Be ready. Be willing to help.
Virginia Disaster Relief Fund
How is the money distributed?
Fund proceeds will be distributed to local long-term recovery groups, members of the Virginia Voluntary Organizations Active in Disaster and other non-profit and faith-based organizations as a grant.
Many of these groups work directly with individuals and families following a disaster.
How else can I donate?
The Virginia Disaster Relief Fund benefits projects that include: repair or rebuilding of underinsured dwellings, transportation assistance, replacing essential household items, helping renters establish new rental residence, temporary living expenses while recovering from loss, and more.
How can I donate?
If you want to help, send checks made payable to the Treasurer of Virginia with “Virginia Disaster Relief Fund” noted in the memo line to:
P.O. Box 1971
Richmond, VA 23218-1971