December 22, 2014

Elyria
Mostly clear
22°F
test

Flood victims offered federal loans

People whose homes have been flooded and belongings destroyed in the May 12-13 storm that hit Northeast Ohio may find relief in loan assistance from the federal government.

Ohio Gov. John Kasich has requested loan assistance from the U.S. Small Business Administration to help residents affected by flooding in Lorain County in mid-May. This week, the SBA declared the storm and flooding a disaster, making affected homeowners, renters, businesses and nonprofit organizations eligible for a disaster loan.

People may replace their real estate with a loan up to $200,000 and personal property with a loan up to $40,000.

On Friday, the SBA released information on how to apply for the loans and what requirements the SBA has before providing aid.

Lorain and North Ridgeville were among the hardest hit areas in the county. In Lorain, entire streets including Tower Boulevard were washed out in the storm, while North Ridgeville saw some of its residents rescued from flooded homes in boats.

To apply for a loan, Lorain County residents and business owners will need to go to the Disaster Loan Assistance Center, 320 Gateway Blvd. North in Elyria, during the center’s business hours and speak with an SBA representative, according to the center.

If they can’t stop in during business hours, they can go to the SBA website to download an application and mail it in. When the application is approved, an SBA representative will visit the affected business or home to assess the damage.

Contact Anna Merriman at 329-7245 or amerriman@chroniclet.com. Follow her on Twitter at @AnnaLMerriman.

Disaster Loan Assistance Center

Third floor, Gates Building, 320 Gateway Blvd. North, Elyria, (440) 329-5117

Hours of operation:

  • June 10-June 13: 9 a.m. – 6 p.m.
  • June 14: 9 a.m. – 1 p.m.
  • June 16-19: 9 a.m. – 6 p.m.