The Small Business Administration To Offer Low-Interest Federal Disaster Loans Starting Next Week
SAN ANGELO, TX — Starting next week, Low-interest federal disaster loans, provided by the US Small Business Administration (SBA), will be available to Texas businesses and residents affected by the severe storms, straight-line winds, hail and flooding that occurred June 23-26, 2017. The SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Greg Abbott on July 24, 2017.
The disaster declaration makes SBA assistance available in Coke, Concho, Irion, Menard, Reagan, Runnels, Schleicher, Sterling and Tom Green counties.
“SBA is strongly committed to providing Texas with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” added SBA’s San Antonio District Director Anthony Ruiz. “Beginning Monday, July 31, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Ruiz continued. The center will be open on the days and times indicated below. No appointment is necessary.
TOM GREEN COUNTY
Edd B. and Frances Frink Keyes Building
113 W. Beauregard Ave.
San Angelo, TX 76903
Opens 8 a.m. Monday, July 31
Mondays – Fridays, 8 a.m. - 5 p.m.
Closes 5 p.m. Thursday, Aug. 17
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
“Texans have always come together to rebuild their lives after natural disasters and this time will be no different,” said Governor Abbott. “These disaster loans will go a long way in aiding those affected by the severe storms in Tom Green county, and I thank the Small Business Administration for their swift action in granting them.”