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.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
