Politics & Government
SBA Loan Available for Some Affected by June Flooding
The U.S. Small Business Administration loan is available for McHenry County residents affected by the June 26 storm, flooding.
MCHENRY COUNTY, IL — McHenry County residents who experienced significant flood damage from severe storms this past summer could be eligible for a "disaster loan" from the U.S. Small Business Administration, government officials in McHenry County said last week. Those who are eligible for the loan were affected by a June 26 storm that lead to torrential rain and severe flash flooding, according to a news release.
In total, the storm caused damage to more than 200 homes.
The SBA disaster declaration makes low-interest loans available to homeowners, renters and
businesses, according to a news release. While the majority of the damage occurred in Will and Cook counties, properties in McHenry County that were affected by the June 26 storm may qualify for the SBA disaster loan.
Find out what's happening in Algonquin-Lake In The Hillsfor free with the latest updates from Patch.
For more information, contact the SBA at 202-205-6734 or visit their website at www.sba.gov.
The application deadline is Nov. 25, 2019.
Find out what's happening in Algonquin-Lake In The Hillsfor free with the latest updates from Patch.
This declaration only applies for the June 26, 2019 storm event. The September storms are not
covered under this declaration.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
