Virginia Gov. Bob McDonnell on Wednesday asked the U.S. Small Business Administration to make emergency low-interest loans to homeowners, renters and business owners affected by the remnants of Tropical Storm Lee in Virginia.
The governor requested SBA assistance for Prince William and Fairfax counties after the Federal Emergency Management Agency denied his request last week for so-called Individual Assistance. According to FEMA, the damage was not widespread enough for the state to benefit from the program.
The Sept. 8-9 storm caused five deaths and an estimated $15.5 million in damage, mostly in Northern Virginia.
“Recovering from a disaster is a long and difficult process for those who are directly impacted, and I am committed to pursuing aid for our citizens in need,” said Gov. McDonnell, a Republican.
The SBA can provide loans of up to $200,000 to homeowners to repair or restore their primary home, and can also authorize personal property loans for homeowners or renters with up to $40,000 to help repair or replace lost property. Businesses could also receive loans of up to $2 million to repair or replace damaged property and for loss of business.
Mr. McDonnell also requested federal public assistance this week to help the state and eight local governments recover from the storm.