August 22nd Update :
Governor Tom Wolf announced that the Small Business Administration approved his request to make financial aid (in the form of low-interest loans) available to Slippery Rock Borough residents who were affected by the flooding on August 5, 2022. Low-interest loans of up to $200,000 are available to homeowners and renters to repair or replace damaged or destroyed real estate, and SBA regulations also permit loans up to $40,000 to repair or replace damaged personal property, including vehicles. Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment, and other physical losses.
Economic Injury Disaster Loans are also available and may also be used to pay fixed debts,payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, whether the business sustained physical damage from the storm.
The SBA offers long-term repayment options to keep payments affordable, with terms up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
Loan applications can be downloaded at sba.gov/disaster and completed applications should be mailed to:
U.S. Small Business Administration, Processing and Disbursement Center,
14925 Kingsport Road, Fort Worth, TX 76155.
Businesses and individuals may immediately obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by [email protected]
August 10th Update :
Upon conferring with the County, we have found out that the Federal threshold to access disaster money for flood damage is $22 million dollars in uncovered damages. We are not going to reach this threshold. There is however a small business administration low – interest loan program that we MAY be eligible for in the Borough if we include our uncovered damages with Westmoreland County. If you have damage to your home, personal property, or business you SHOULD turn it in to your insurance company. If your insurance company will not cover it, or if you do not have insurance, you should send the total amount along with a brief description and your contact information including your name, address, phone number, and email address to:
August 7th Update :
Please be aware that the Park Entrance (Boller Drive) has experienced a wash-out. As such, the entrance to the Park off of 258 had to be shut-down. The Borough has had it looked at by a Bridge Engineer and the Borough’s Engineer and we hope to have it opened the beginning of the week with barricades making it into one-lane until it can be repaired. The aprons leading to the bridges on the apartments on East Water Street (across from the Borough Building building) are damaged and will need to be fixed. There is a sinkhole that opened on the side of Elm Street as well. We have substantial wash out of aggregate material throughout the Borough (most was in ditches waiting to be paved). Penn Dot has been contacted as the bridge leading to Parklane Drive MAY be damaged. Part of the walking trail of the park was damaged and is closed as well. Please turn any damages in to your insurance company if applicable. The Borough will keep you updated of any new information.