By Joni Foster, EGBI Program Director
For you and your household
- First: Claim against your Insurance
- FEMA grant assistance available for uninsured or underinsured households.
- Citizenship requirements: A member of the household must be a citizen, non-citizen national or qualified alien of the US, including a minor child who is a citizen, non-citizen national or qualified alien of the US with a parent or guardian in the house applying on their behalf.
- FEMA assistance does not have to be repaid and is not taxable income. It has no effect on Social Security, Medicaid or other social safety net programs.
- Temporary housing, lodging expenses, home repair, home replacement permanent housing construction AND child care expenses, medical and dental expenses, funeral and burial expenses, damage to household items, fuel for primary heat source, clean up items, damage to essential vehicles, moving, storage and other expenses or serious needs as determined by FEMA.
For your business
- First: Claim against your insurance
- SBA Disaster Loans
- Business Physical Disaster Loan
- Economic Injury Disaster Loan (EIDL)
- Home Disaster Loans
- Multiple disaster loans can be given since multiple declarations were declared. (Covid and Winter Disaster) There cannot be any overlap(double dipping) as far as funds go, but two separate disaster loans can be active for the two declarations.
- Credit history acceptable to SBA
- Show repayment ability
- Collateral needed for loans over $25K
- $2 million ceiling; interest rate between 1.25 and 6%; terms from 7 – 30 years