SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today announced the opening of a Disaster Loan Outreach Center to meet the needs of businesses and individuals who were affected by severe storms and tornadoes that occurred Nov. 4, 2022. The center will be located at the I & I Discount Building, 229 North Walnut Street in Clarksville from Monday through Wednesday, Nov. 28-30, 2022.
“SBA customer service representatives will be on hand at the following centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application,” Garfield continued. The centers will be open on the days and times indicated. No appointment is necessary.
RED RIVER COUNTY
Disaster Loan Outreach Center
I & I Discount Building
229 N Walnut Street
Clarksville, TX 75426
Opens 9 a.m. Monday, Nov. 28
Monday - Wednesday, 9 a.m. – 6 p.m. Central Time
Closes 6 p.m. Wednesday, Nov. 30
BOWIE COUNTY
Disaster Loan Outreach Center
New Boston Community Center
301 NE Front Street
New Boston, TX 75570
Mondays - Fridays, 9 a.m. - 6 p.m. Central Time
Closed for Thanksgiving
Thursday-Friday, Nov. 24-25
CASS COUNTY
Disaster Loan Outreach Center
Hughes Springs Community Center
902 E First Street
Hughes Springs, TX 75656
Mondays - Fridays, 9 a.m. - 6 p.m. Central Time
Closed for Thanksgiving
Thursday-Friday, Nov. 24-25
LAMAR COUNTY
Disaster Loan Outreach Center
Red Cross Building
2673 N. Main Street
Paris, TX 75460
Mondays - Fridays, 10 a.m. - 7 p.m. Central Time
Early closure on Wednesday, Nov. 23,
Wednesday, 10 a.m. - 2 p.m.
Closed for Thanksgiving
Thursday-Friday, Nov. 24-25
MORRIS COUNTY
Disaster Loan Outreach Center
Morris County Courthouse Annex
502 Union Street
Daingerfield, TX 75638
Mondays - Fridays, 9 a.m. - 6 p.m. Central Time
Closed for Thanksgiving
Thursday-Friday, Nov. 24-25
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.
SBA 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 3.305 percent for businesses, 2.375 percent for private nonprofit organizations and 2.313 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, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is Jan. 17, 2023. The deadline to apply for economic injury is Aug. 16, 2023.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.