U.S. SMALL BUSINESS ADMINISTRATION OFFERING LOW-INTEREST DISASTER LOANS

  

The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to businesses, most private nonprofits, homeowners, and renters for severe storms and flooding incidents occurring April 17^th through the 24^th. Local counties able to apply are Austin, Colorado, Fayette, Grimes, and Waller counties. The deadline to apply for the disaster loan for physical damage is June 24^th.

There are three types of disaster loans available including, business physical, economic injury, and home disaster. There are also three credit requirements: credit history acceptable to SBA, ability to repay all loans, and collateral for physical loss and economic injury disaster loans over $25,000.

There are three ways to apply to SBA: online at www.disasterloan.sba/ela, in person at any Disaster Recovery Center, or complete a paper application and mail it to SBA at 14925 Kingsport Rd., Ft. Worth, TX 76155-2243

For more information visit www.sba.gov/disaster or call SBA at 800-659-2955.