SBA Disaster Declaration Issued for Three Connecticut Counties
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
What happened
Ned Lamont secured a disaster declaration from the U.S. Small Business Administration (SBA) for Fairfield County, New Haven County, and Litchfield County. This declaration was issued in response to flash flooding that impacted the region on September 13. The approval allows homeowners, renters, businesses, and nonprofits in the affected counties to apply for low-interest recovery loans.
From newsroomamerica.com, westfaironline.com, hartfordbusiness.com
Why it matters
The declaration makes federal disaster loans available to help recover from the storm. Businesses can borrow up to $2 million for the replacement of real property and inventory, while homeowners may qualify for up to $500,000 to repair their primary residence.
Who's involved
- Ned LamontGovernor who secured the federal disaster declaration.
- SBAAgency that approved the declaration and is distributing recovery loans.
- Fairfield CountyCounty that received the disaster declaration, enabling access to federal loans.
- New Haven CountyCounty that received the disaster declaration, enabling access to federal loans.
- Litchfield CountyCounty that received the disaster declaration, enabling access to federal loans.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Fairfield CountySpeculative
Fairfield County might receive critical recovery funding for businesses and residents through low-interest SBA loans.
- New Haven CountySpeculative
New Haven County could receive critical recovery funding for businesses and residents through low-interest SBA loans.
- Litchfield CountySpeculative
Litchfield County may receive critical recovery funding for businesses and residents through low-interest SBA loans.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- SBA declaration enables Department to aid flood recoveryThe Department will coordinate recovery efforts using low-interest SBA loansReported
- How does Ned Lamont securing a disaster declaration affect New Haven County?The disaster declaration makes low-interest federal disaster loans available to New Haven County.Reported
- How does Ned Lamont securing a disaster declaration affect Litchfield County?Litchfield County residents and businesses gain access to low-interest SBA recovery loansReported
- How does Ned Lamont securing a disaster declaration affect Fairfield County?Fairfield County residents and businesses gain access to low-interest SBA disaster loansReported
How it developed
Newest first. Tap a step to see who reported it.Lamont secured a disaster declaration for affected counties.1 source
SBA is distributing low-interest loans and recovery support after Lamont secured a disaster declaration.1 source
Keep exploring
The entities involved
-
Ned Lamont
Governor of Connecticut since 2019
- SBA
Related events
- Governor requested a disaster declaration from the SBA to unlock low-interest disaster loans for Winnebago County.
- SBA and FEMA are assessing eligibility for federal disaster funding.
- SBA provided disaster recovery resources to local businesses in Perry.
- SBA is providing disaster loans and aid to affected businesses in Northern Michigan.
- SBA is providing disaster loans to businesses located in Skagit County.