HARRISBURG, Pa .– Gov. Tom Wolf announced on Saturday that the United States Small Business Administration (SBA) had approved his request to declare a disaster in Philadelphia after civil unrest from May 30 to June 8 caused millions of dollars damage.

Homeowners, tenants, and businesses affected by the unrest in Philadelphia, as well as neighboring counties of Bucks, Delaware, and Montgomery, may be eligible for low-interest disaster loans through the Disaster Loan Programs. of the SBA.

Potential applicants can contact SBA for more information and begin the application process at 8:00 a.m. on Monday August 10.

“We are grateful to the SBA for accepting that this financial assistance is vital to repair or replace a property,” Governor Wolf said. “These low interest loans will go a long way in helping businesses turn around.”

Low interest loans of up to $ 200,000 are available to homeowners to repair or replace damaged or destroyed real estate. SBA regulations allow loans of up to $ 40,000 to repair or replace damaged personal property, including vehicles.

Businesses and nonprofits can borrow up to $ 2 million as a physical disaster loan to restore damaged or destroyed buildings, inventory, equipment and assets.

Economic disaster loans can also be used to pay off fixed debts, payroll, accounts payable, and other bills that cannot be paid due to the impact of the disaster.

The SBA offers long-term repayment options to keep payments affordable, with terms of up to 30 years.

The conditions are determined on a case-by-case basis, depending on the repayment capacity of each borrower.

In line with health precautions for COVID-19, SBA will continue to provide first-class customer service and outreach activities virtually with webinars, Skype calls, phone support, and step-by-step application support.

To this end, SBA has opened a Virtual Disaster Loan Outreach Center (VDLOC).

To apply online, using the electronic loan application on the SBA’s secure website, click here .

According to officials, it’s important to note that this VDLOC information only applies to applicants affected by civil unrest in Philadelphia, Bucks, Delaware and Montgomery counties. It does not apply to any other SBA statement or SBA assistance related to COVID-19.