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.
Introduction
It wasn’t the very first time Josefa Mendoza’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 didn’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 don’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 — if they’re eligible.