The U.S. Small Business Administration issued a correction to a previous Presidential declaration regarding a major disaster in West Virginia due to severe weather events. The correction involves the interest rates for physical damage loans available to homeowners, depending on whether they have credit available. Counties in West Virginia and contiguous areas in Kentucky and Virginia are eligible for different types of disaster loans. Applications can be submitted through the SBA's loan portal, and deadlines are set for applying for various assistance options.
Simple Explanation
The U.S. government fixed a mistake about some money help they promised people in West Virginia after bad weather, making sure that the interest rates for borrowing money are clear based on whether people can get loans from other places or not.