Press Release 10/24/2018
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 sever storms and flooding that occurred September 21 – September 23, 2018. 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 victim. SBA will answer specific questions about how a disaster loan may help each victim recover from the disaster damage, and will provide on-on-one assistance in completing applications for these loans.
SBA Disaster Loan Outreach Center
Sonora Vocational Building
805 Prospect Avenue
Sonora, TX 76950
Mondays through Fridays
9am – 6pm
Open Tuesday, October 23 through Thursday, November 8 @ COB
For more information, contact SBA’s Disaster Assistance Customer Service Center at (800) 659-2955 or email@example.com.