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.
Topics New Jersey
Was this article valuable?
Here are more articles you may enjoy.
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
