VA Business Toolkit
Citizen Corps
How can we make this site better?
Let us know ...
Virginia Department of Emergency Management
10501 Trade Court, Richmond, VA 23236
CONTACT:
Bob Spieldenner, VDEM (804) 897-6510
Kevin Hall, Office of the Governor (804) 225-4260; cell (804) 393-9406
FOR IMMEDIATE RELEASE
Oct. 12, 2006
Richmond, VA - Governor Timothy M. Kaine today asked the U.S. Small Business Administration to make emergency low-interest loans available to homeowners and renters who had major damage from Tropical Depression Ernesto.
The governor requested SBA assistance for the cities of Hampton, Newport News and Richmond, as well as the counties of Gloucester and Northumberland. If the request is approved in any of these areas, then residents in adjacent localities are automatically eligible to apply for these loans as well.
Yesterday, FEMA declined the governor's appeal to grant Individual Assistance to people and businesses affected by the storm. FEMA had earlier approved Public Assistance for the counties of Accomack, Caroline, Charles City, Dinwiddie, Essex, Gloucester, Isle of Wight, James City, King William, Lancaster, Mathews, Middlesex, Northampton, Northumberland, Richmond, Surry, Sussex, Westmoreland and York, and the cities of Newport News, Poquoson and Richmond. That program provides financial assistance for damage to roads, bridges and other government infrastructure, plus aid to certain private nonprofits.
"Many Virginians are still trying to get back on their feet following Ernesto," said Governor Timothy M. Kaine. "Low-interest loans from the Small Business Administration can help those facing major repairs to their homes and those needing to replace personal property."
The SBA can provide Real Property Loans of up to $200,000 to homeowners to repair or restore their primary home to its pre-disaster condition. Also, the agency can authorize Personal Property Loans to provide homeowners or renters with up to $40,000 to help repair or replace personal property, such as clothing, furniture and automobiles lost in the disaster. In addition, businesses suffering damage could receive loans to help repair or replace damaged property and for loss of business.
###