Exactly after one month after Winter Storm Jonas slammed much of the East Coast, Gov. Chris Christie’s office announced residents and businesses in seven affected counties may apply for low-interest federal loans to help with recovery.
The storm that struck New Jersey on Jan. 22 dumped feet of snow across the region and caused severe flooding in some southern New Jersey counties.
“This incident is of such severity and magnitude that an effective response is beyond the capabilities of the state and the affected county and local governments, and that federal assistance is necessary,” Christie said during a Feb. 11 press conference calling for federal disaster aid.
The loans, being administered by the U.S. Small Business Association, are available to those in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Ocean counties.
Through the small business association’s Disaster Loan Program, eligible homeowners and renters may borrow up to $200,000 for repairs or replacements. Businesses of any size may borrow up to $2 million for physical damages and “economic injury.”