SAN ANGELO, Texas (Concho Valley Homepage) — The United States Small Business Administration, through FEMA, is offering small business loans to help those affected by the July 4 floods.
These loans can be used by businesses, nonprofit organizations, and survivors whose property was impacted by the floods. The loans are available in many counties in central Texas, including Tom Green.
According to the release by FEMA:
“Interest rates on disaster loans can be as low as 2.75% for homeowners and renters, 3.62% for private nonprofit organizations and 4% for businesses. Terms can reach up to 30 years for physical damage to real estate, inventory, supplies, machinery and equipment. SBA sets loan amounts and terms, which are based on each applicant’s financial condition.”
For more information, the official documentation from FEMA can be downloaded in English and Spanish. To apply online or to download an application, go to SBA.gov/disaster. You may also call SBA’s Customer Service Center at 800-659-2955 or email DisasterCustomerService@sba.gov.
DR-4879-TX-NR-018-SBA-Loans-are-a-Meaningful-Option-for-Texas-Storm-SurvivorsDownload
ES-DR-4879-TX-NR-018-SBA-Loans-are-a-Meaningful-Option-for-Texas-Storm-SurvivorsDownload
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