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Perry County, Kentucky (WYMT) – Francisco Sanchez, Deputy Commissioner of Small Business Administration (SBA), has seen firsthand the devastation left by the floods in Perry and Knott counties.
”[There] In fact, there is a lot of resilience and pride in this community,” he said. “I’ve seen a lot of challenges, and we’re going to talk about how to overcome them.”
Eastern Kentuckians are scattered, and SBA provides access to its Disaster Center and Business Recovery Center. A roundtable was held on Friday afternoon to address similar concerns from those affected.
“This is very important because we can get the information we need from the field here,” he added. “What do we need to bring out and how can we adapt it in a way that can help the community recover?
The SBA provides below-market interest rates to homeowners and business owners in times of disaster. These loans can be repaid over 30 years. Homeowners can claim up to $200,000. Businesses can claim up to $2 million for property damage and an additional $2 million for economic recovery.
“We recognize that this is a flood event and that there are challenges with the paperwork of having access to the records to come anyway,” he said.
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