After Blizzard, Federal Disaster Loans Offered in 7 New Jersey Counties

February 25, 2016

Some residents and businesses in seven New Jersey counties affected by last month’s blizzard might be eligible for low-interest federal loans to help with recovery efforts.

Eligible homeowners and renters can borrow up to $200,000 for repairs or replacements from the U.S. Small Business Association. Businesses can borrow up to $2 million for physical damages and economic injuries.

Applications for physical property damage must be sent by April 22. Economic injury applications are due by Nov. 22.

Feet of snow fell across Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester and Ocean counties on Jan. 22, causing severe flooding in some counties.

New Jersey Gov. Chris Christie had called for federal disaster aid earlier this month, saying the state and counties couldn’t adequately respond to the storm.

 

Get Insurance Journal Every Day

Latest Comments

  • February 25, 2016 at 2:45 pm
    Agent says:
    I don't think they ever had their Sandy claims resolved. Is this going to be on top of that? How is that Global Warming working out for them?
See all comments

Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features