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‘Only 274 SBA loans approved’
Out of the 8,806 that applied for loans with the U.S. Small Business Administration in the wake of Typhoon Soudelor, only 274 were approved, according to Community Advocates for Recovery Efforts director Jenny Hegland.
“Only 274 SBA loans were approved and only 28 of the 8,806 were granted the max grant of $32,900, which is not enough to rebuild a home,” she said.
CARE is currently looking at 741 affected single family clients, with 704 having major damage, 479 with minor damage and 259 homes that were completely destroyed.
Hegland also shared that there are a total of 437 affected apartment units, with 35 having minor damage and 149 with major damage and 33 apartment units completely destroyed.
CARE has currently received over $210,000 worth of donations from various private organizations. The funding received will be used toward recovery and rebuilding efforts in conjunction with the Federal Emergency Management Agency and American Red Cross in disaster case management to address the unmet needs of those in the community who have exhausted all other resources.
If you would like to volunteer or donate to CARE, go to www.cnmicare.com or call 670-484-4653 or if you need immediate assistance call American Red Cross-NMI Chapter at 670-234-3459 or Karidat at 234-5100.
