The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to non-farm businesses of all sizes, private nonprofits, homeowners and renters who suffered losses caused by the severe storms, straight-line winds and flooding that occurred May 7 through May 8.
Types of loans available are: Individuals and Families: Homeowners: up to $200,000 to repair or replace real estate damage and up to $40,000 to replace personal property.
- Renters: up to $40,000 to repair or replace personal property.
- Property Damage: up to $2,000,000 to repair or replace real estate, machinery and equipment, inventory and other assets that were damaged or destroyed (available to businesses of any size and private, non-profit organizations).
- Economic Injury: only for small businesses and most private non-profit organizations suffering adverse financial impacts of the disaster (with or without property loss), up to $2,000,000 for working capital to help pay obligations until normal operations resume.
SBA customer service representatives will be at the following location to meet with each disaster survivor. SBA will answer specific questions about how a disaster loan may help each survivor recover from the disaster damage, and will provide one-on-one assistance in completing applications for these loans.
RICHMOND Disaster Loan Outreach Center (DLOC) William Travis Building, 1st Floor Meeting Room 301 Jackson Street Richmond, TX 77469 Mondays through Fridays 8 am to 5 pm Open Tuesday, July 16 through Thursday, July 25