Jul
07

Tornado-Affected Homeowners to Get Aid from SBA, Not FEMA

July 07, 2010

Residents in north central Illinois whose real estate was affected by tornadoes that touched down on June 5 are eligible to apply for a low-interest loan to clean up the mess.

The city of Carbondale was affected by the June 5 tornadoes.

Governor Pat Quinn on Tuesday announced that the state has been granted a U.S. Small Business Administration (SBA) disaster declaration, which will provide homeowners, renters and businesses in 18 approved Illinois counties with low-interest loans to repair or replace their real estate that was damaged during that stormy day.

Governor Quinn had first applied for federal disaster relief but was denied by the Federal Emergency Management Agency and had to go the SBA route instead.

Those eligible for the SBA loans, which can be used for real estate or personal property, are in the primary counties of LaSalle, Livingston and Peoria as well as 15 contiguous counties: Kankakee, Putnam, DeKalb, Ford, Fulton, Grundy, Kendall, Bureau, Knox, Lee, Marshall, McLean, Stark, Tazewell and Woodford.

“This SBA declaration is good news for many people and businesses who suffered devastating losses from these tornadoes,” said Governor Quinn. “The low-interest, long-term loans available through SBA will provide a much-needed helping hand as they repair and rebuild their homes and businesses.”

For more information about this effort or how to protect your home from a storm, checkout www.Ready.Illinois.gov.

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