02 Ene Brand brand New information: Why 800,000 applicants had been rejected disaster that is federal loans
A member of staff appears on as crews tidy up debris in a neighbor hood inundated by Hurricane Harvey in Beaumont, Texas, Tuesday, Sept. 26, 2017. (AP Photo/David Goldman)
This tale had been posted in partnership with the elements Channel.
It wasnвЂ™t the very first time Josefa MendozaвЂ™s home flooded, nonetheless it had been the worst. Once the 47-year-old occasion coordinator fled her Southern Texas home along with her kiddies and grandchildren in June 2018 throughout a serious storm, water inside had risen to waistline level.
She didnвЂ™t be eligible for the aid of the Federal crisis Management Agency. Therefore, like significantly more than a million People in america since 2001, she sent applications for a disaster that is federal loan through the small company management.
But the majority applicants donвЂ™t get one.
The low-interest loans certainly are a major way to obtain federal catastrophe assistance offered to homeowners and renters also little businesses вЂ” if theyвЂ™re eligible.