The U.S. Small Business Administration announced a major disaster declaration solely for Public Assistance to help the Commonwealth of Kentucky, following the remnants of Hurricane Helene. This disaster declaration allows private non-profit organizations in affected Kentucky counties to apply for disaster loans online. The declaration was issued on November 26, 2024, covering an incident period from September 27, 2024, to September 30, 2024. Loan application deadlines are set for January 27, 2025, for physical loans, and August 26, 2025, for economic injury loans.
Simple Explanation
The president said that communities in Kentucky can get help through loans because a big storm caused damage. People who run charity groups can now apply for these loans to fix things up.