Low-interest federal disaster loans are now available to businesses and residents of Harrison County following President Joe Biden’s declaration of major disaster to help with damage from the recent winter storm that swept the state from Feb.11.
US Small Business Association Acting Administrator Tami Perriello announced the program earlier this week, with Harrison County being added to the list on Wednesday, according to Suzanne Moseley, business advisor at the Small Business Development Center of the United States. ‘UT Tyler-Longview.
Businesses of all sizes and private non-profit organizations can borrow up to $ 2 million under the program to repair or replace damaged property, machinery and equipment, inventory and other business assets. or destroyed. The SBA can also lend additional funds to businesses and homeowners to help cover the cost of improvements to protect, prevent, or minimize the same type of damage from a disaster in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations of any size, the SBA offers economic disaster loans to help meet fund needs. turnover caused by the disaster. Economic Injury Assistance is available to businesses regardless of any material damage.
Disaster loans of up to $ 200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and tenants are entitled to up to $ 40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 3% for businesses, 2% for private nonprofits, and 1.25% for landlords and tenants with terms of up to 30 years. The amounts and terms of the loan are set by the SBA and are based on the financial status of each applicant.
To be considered for all forms of disaster assistance, community members should first contact the Federal Emergency Management Agency at www.disasterassistance.gov.
People who are deaf or hard of hearing can call (800) 877-8339. Completed applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Moseley said the SBDC is available to help anyone interested in applying for these loans, working with them through the loan process, and answering any questions they have. To contact the SBDC office in Marshall, visit the group’s website at www.LongviewSBDC.org to make an appointment, or contact Moseley directly at (903) 757-5857 or by email at [email protected].
Other counties eligible for this program include (for Texas only):
ANGELINA, ARANSAS, BASTROP, BEE, BELL, BEXAR, BLANCO, BRAZORIA, BRAZOS, BROWN, BURLESON, CALDWELL, CALHOUN, CAMERON, CHAMBERS, COLLIN, COMAL, COMANCHE, COOKE, CORYELL, DALLAS, DENTON, DEWITTALLS, ELLTIS BEND, GALVESTON, GILLESPIE, GRIMES, GUADALUPE, HARDIN, HARRIS, HAYS, HENDERSON, HIDALGO, HOOD, JASPER, JEFFERSON, JOHNSON, KAUFMAN, KENDALL, LAVACA, LIBERTY, MADISON, MATAGORDA, MAVERICKRY, ORANGE, MCLENNUE PALO PINTO, PANOLA, PARKER, POLK, ROCKWALL, SABINE, SAN JACINTO, SAN PATRICIO, SCURRY, SHELBY, SMITH, STEPHENS, TRAVIS, TYLER, UPSHUR, VAN ZANDT, VICTORIA, WALKER, WALLERICHITA, WILL WHARTON, WARTONAMSON, WARTON, WILSON, WISE, TARRANT, ANDERSON, AUSTIN, BOSQUE, BOWIE, BURNET, CHEROKEE, COLORADO, ERATH, FANNIN, FREESTONE, GONZALES, GRAYSON, GREGG, HARRISON, HILL, HOUSTON, HUNT, JACKSON, JIM WELLS, LOCKSON, MEDINACAIRE, , MILAM, NAVARRO, RUSK, TAYLOR, TOM GREEN, VAL VERDE, WASHINGTON, WOOD
SAN AUGUSTINE, TRINITY, REFUGIO, FAYETTE, LEE, KARNES, LIVE OAK, GOLIAD, LAMPASAS, ATASCOSA, BANDERA, LLANO, LEON, ROBERTSON, CALLAHAN, MCCULLOCH, SAN SABA, COLEMAN, EASTLAND, MILLERRIMACY, KILLERRIMACY, MASON, BROOKS, KENEDY, STARR, SOMERVELL, NEWTON, DIMMIT, KINNEY, UVALDE, WEBB, ZAVALA, CLAY, JACK, KLEBERG, JEUNE, BORDEN, FISHER, GARZA, HOWARD, KENT, MITCHELL, NOLAN, SHACKELFORD, CAMROCKM, MARION, MORRIS, PLUIES, ARCHER, BAYLOR, WILBARGER, CASS, RIVIÈRE ROUGE, LAMAR, DELTA, HOPKINS, DUVAL, HASKELL, STONEWALL, CROSBY, FLOYD, HALE, HOCKLEY, LAMB, LYNN, TERRY, FRIOKE, RUNNELS , IRION, MENARD, REAGAN, SCHLEICHER, STERLING, CROCKETT, EDWARDS, SUTTON, TERRELL, FRANKLIN