U.S. Small Enterprise Administration’s appearing Administrator Tami L. Perriello has introduced that low-interest federal catastrophe loans are actually obtainable to Texas companies and residents because of President Joe Biden’s main catastrophe declaration following traditionally chilly climate.
The declaration covers 77 Texas counties because of the extreme winter storms that started on Feb. 11.
“SBA is strongly dedicated to offering Texas with the best and customer-focused response potential and with entry to federal catastrophe loans to assist companies and residents affected by this catastrophe,” Perriello mentioned. “Getting our companies and communities up and operating after a catastrophe is our highest precedence at SBA.”
In consideration of the general public well being issues as a result of coronavirus pandemic, the SBA on Tuesday will set up a digital enterprise restoration middle to offer personalised help to enterprise homeowners.
As well as, SBA can even open a digital catastrophe mortgage outreach middle to assist householders and renters. Customer support representatives shall be obtainable to enterprise homeowners and people to reply questions on SBA’s catastrophe mortgage program, clarify the applying course of and assist every particular person full their digital mortgage utility.
The middle shall be open Monday by means of Friday from 7 a.m. to 7 p.m. Central time.
The quantity is 800-659-2955 and electronic mail tackle is [email protected].
Companies of all sizes and personal nonprofit organizations could borrow as much as $2 million to restore or exchange broken or destroyed actual property, equipment and gear, stock and different enterprise property. SBA also can lend extra funds to companies and householders to assist with the price of enhancements to guard, forestall or decrease the identical sort of catastrophe harm from occurring sooner or later.
For small companies, small agricultural cooperatives, small companies engaged in aquaculture and most non-public nonprofit organizations of any measurement, SBA gives financial damage catastrophe loans to assist meet working capital wants attributable to the catastrophe. Financial damage help is offered to companies no matter any property harm.
Catastrophe loans as much as $200,000 can be found to householders to restore or exchange broken or destroyed actual property. Householders and renters are eligible for as much as $40,000 to restore or exchange broken or destroyed private property.
Rates of interest could be as little as 3% for companies, 2% for personal nonprofit organizations and 1.25% for householders and renters with phrases as much as 30 years. Mortgage quantities and phrases are set by SBA and are based mostly on every applicant’s monetary situation.
To be thought of for all types of catastrophe help, survivors should first contact the Federal Emergency Administration Company at www.disasterassistance.gov.
Candidates could apply on-line, obtain extra catastrophe help data and obtain purposes at https://disasterloanassistance.sba.gov/.
Candidates might also name SBA’s Buyer Service Heart at (800) 659-2955 or electronic mail [email protected] for extra data on SBA catastrophe help.
People who’re deaf or exhausting of listening to could name (800) 877-8339. Accomplished purposes ought to be mailed to U.S. Small Enterprise Administration, Processing and Disbursement Heart, 14925 Kingsport Street, Fort Value, TX 76155.
The 77 counties are: Angelina, Aransas, Bastrop, Bee, Bell, Bexar, Blanco, Brazoria, Brazos, Brown, Burleson, Caldwell, Calhoun, Cameron, Chambers, Collin, Comal, Comanche, Cooke, Coryell, Dallas, Denton, DeWitt, Ellis, Falls, Fort Bend, Galveston, Gillespie, Grimes, Guadalupe, Hardin, Harris, Hays, Henderson, Hidalgo, Hood, Jasper, Jefferson, Johnson, Kaufman, Kendall, Lavaca, Liberty, Madison, Matagorda, Maverick, McLennan, Montague, Montgomery, Nacogdoches, Nueces, Orange, Palo Pinto, Panola, Parker, Polk, Rockwall, Sabine, San Jacinto, San Patricio, Scurry, Shelby, Smith, Stephens, Tarrant, Travis, Tyler, Upshur, Van Zandt, Victoria, Walker, Waller, Wharton, Wichita, Williamson, Wilson and Sensible.
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