According to the U.S. Small Business Administration (SBA), low-interest federal disaster loans are now available to Washington residents and businesses affected by the Bomb Cyclone that occurred from Nov. 17 to 25.
The disaster declaration was issued following a request from Gov. Jay Inslee on Dec. 19.
The assistance is available to individuals and businesses in Chelan, King, Kitsap, Kittitas, Pierce, Snohomish, and Yakima counties.
Eligible applicants include businesses of all sizes, private nonprofit organizations, homeowners, and renters who suffered property damage or loss during the storm.
Businesses can apply for loans of up to $2 million to repair or replace real estate, machinery, equipment, inventory, and other assets.
Homeowners may be eligible for up to $500,000 to repair or replace damaged real estate, and renters can receive up to $100,000 for personal property losses.
Small businesses and nonprofit organizations may also qualify for Economic Injury Disaster Loans to cover working capital needs, even if they did not sustain physical property damage.