SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Texas businesses and residents affected by the severe winter storms, tornadoes, straight-line winds and flooding that occurred on Dec. 26, 2015 – Jan. 21, 2016, U.S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet announced today. SBA acted under its own authority to declare a disaster following the denial of the state’s appeal for a major disaster declaration for individual assistance.
The disaster declaration makes SBA assistance available in Collin, Dallas, Denton, Ellis, Fannin, Grayson, Henderson, Hill, Hunt, Johnson Kaufman, Navarro, Rains, Rockwall, Smith, Tarrant, Van Zandt and Wood 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 Contreras-Sweet. “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,” said SBA’s Dallas District Director Herb Austin. “Beginning Monday, April 4, 2016, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Austin continued. Additional center openings will be announced in the coming days.
The centers will be open on the days and times indicated until further notice. No appointment is necessary.
COLLIN COUNTY
Disaster Loan Outreach Center
The Best Center
154 South Main St.
Farmersville, TX 75442
Opens at 9 a.m. Monday, April 4
Mondays, April 4 and 11, 9 a.m. - 6 p.m.
Tuesdays, April 5 and 12, 9 a.m. - 6 p.m.
VAN ZANDT COUNTY
Disaster Loan Outreach Center
Van Zandt County Regional Airport
36671 State Highway 64
Wills Point, TX 75169
Opens at 9 a.m. Thursday, April 7
Thursday, April 7, 9 am. - 6 p.m.
Friday, April 8, 9 a.m. - 2 p.m.
Wednesday, April 13, 1-6 p.m.
Thursday, April 14, 9 a.m. - 6 p.m.
Friday, April 15, 9 a.m. - 2 p.m.
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 (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.813 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information, or to download applications, visit sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for property damage is May 31, 2016. The deadline to return economic injury applications is Dec. 29, 2016.
SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Texas businesses and residents affected by the severe winter storms, tornadoes, straight-line winds and flooding that occurred on Dec. 26, 2015 – Jan. 21, 2016, U.S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet announced today. SBA acted under its own authority to declare a disaster following the denial of the state’s appeal for a major disaster declaration for individual assistance.
SACRAMENTO, Calif.
The disaster declaration makes SBA assistance available in Collin, Dallas, Denton, Ellis, Fannin, Grayson, Henderson, Hill, Hunt, Johnson Kaufman, Navarro, Rains, Rockwall, Smith, Tarrant, Van Zandt and Wood 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 Contreras-Sweet. “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,” said SBA’s Dallas District Director Herb Austin. “Beginning Monday, April 4, 2016, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Austin continued. Additional center openings will be announced in the coming days.
The centers will be open on the days and times indicated until further notice. No appointment is necessary.
COLLIN COUNTY
Disaster Loan Outreach Center
The Best Center
154 South Main St.
Farmersville, TX 75442
COLLIN COUNTY
Opens at 9 a.m. Monday, April 4
Mondays, April 4 and 11, 9 a.m. - 6 p.m.
Tuesdays, April 5 and 12, 9 a.m. - 6 p.m.
VAN ZANDT COUNTY
Disaster Loan Outreach Center
Van Zandt County Regional Airport
36671 State Highway 64
Wills Point, TX 75169
VAN ZANDT COUNTY
Opens at 9 a.m. Thursday, April 7
Thursday, April 7, 9 am. - 6 p.m.
Friday, April 8, 9 a.m. - 2 p.m.
Wednesday, April 13, 1-6 p.m.
Thursday, April 14, 9 a.m. - 6 p.m.
Friday, April 15, 9 a.m. - 2 p.m.
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 (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.813 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information, or to download applications, visit sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for property damage is May 31, 2016 . The deadline to return economic injury applications is Dec. 29, 2016 .
May 31, 2016 Dec. 29, 2016