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SBA low-interest loans available for those affected by storm


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 percent for businesses, 2 percent for private nonprofit organizations and 1.25 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.
From an SBA news release.
Low-interest federal disaster loans are now available to Texas businesses and residents as a result of President Biden’s major disaster declaration, U.S. Small Business Administration’s acting Administrator Tami L. Perriello announced. ....

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Getting disaster help from the U.S. Small Business Administration


Special to the Weatherford Democrat
Feb 24, 2021
Feb 24, 2021
Low-interest federal disaster loans are now available to businesses and residents in Parker and Palo Pinto counties, two of 77 Texas counties covered by President Joe Biden’s major disaster declaration, U.S. Small Business Administration’s acting Administrator Tami L. Perriello said. 
“SBA is strongly committed to providing Texas with the most effective and customer-focused response possible and with access to federal disaster loans to help businesses and residents affected by this disaster,” she said. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
 In consideration of the public health concerns due to the COVID-19 pandemic, SBA Tuesday established a Virtual Business Recovery Center to provide personalized assistance to business owners.  In addition, SBA will also open a Virtual Disaster L ....

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