Sacramento, CA – U.S. Small Business Administration (SBA) Dallas/Fort Worth District Director Herbert Austin announced today that SBA will close its Disaster Loan Outreach Centers in Forney and Kennedale at the close of business on Friday, May 4. The Disaster Loan Outreach Center in Lancaster will close one week later on May 11.
“SBA opened the centers to provide personalized assistance to Texas residents and business owners who were affected by the tornadoes and severe weather that occurred April 3. Until the centers close, SBA customer service representatives will continue to be available to meet with residents and business owners to answer all of their questions, explain SBA’s disaster loan program, issue applications, help them complete their applications and close their approved disaster loans,” said Austin.
Residents and business owners can meet with SBA representatives on the days and times indicated. No appointment is necessary.
Forney Police Department
110 Justice Center Drive
Forney, TX 75126
Monday through Friday
8 am to 4:30 pm
Kennedale Chamber of Commerce
205 W. Kennedale Parkway (in Town Center)
Kennedale, TX 76060
Monday 9 am to 4:30 pm
Tuesday through Friday 9 am to 7 pm
Both centers close on Friday, May 4
Regions Bank Building
1425 North Dallas Avenue
Lancaster, TX 75134
Mondays through Fridays
8 am to 4:30 pm
The Lancaster center will close on Friday, May 11
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.
Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to homeowners and businesses to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Interest rates can be as low as 1.875 percent for homeowners and renters, 3 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955, emailing email@example.com or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard-of-hearing may call (800) 877 8339.
The filing deadline to return applications for property damage is June 18, 2012. The deadline to return economic injury applications is January 17, 2013.
For more information, visit SBA’s Web site at www.sba.gov.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841