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SBA Tops $15 Million in Disaster Assistance Loans
Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $15 million in federal disaster loans for Texas businesses and residents impacted by severe storms and flooding in Cameron, Hidalgo and Jim Wells counties that occurred June 19 - July 13, 2018. According to Garfield, SBA has approved $189,000 for businesses and $15,623,900 for residents to help rebuild and recover from this disaster.
“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents who sustained damages are encouraged to register prior to the Sept. 4, 2018, deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.
SBA continues to provide one-on-one assistance to disaster loan applicants at the following locations on the days and times indicated. No appointment is necessary.
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HIDALDGO COUNTY Disaster Recovery Center McAllen Chamber of Commerce Old Church Winery 700 North Main Street McAllen, TX 78504 Mondays – Fridays, 9 a.m. – 7 p.m. Saturdays 8 a.m. – 3 p.m. |
HIDALDGO COUNTY Disaster Recovery Center City of Mission Social Event Center 115 South Mayberry Road Mission, TX 78572 Mondays – Fridays, 9 a.m. – 7 p.m. Saturdays 8 a.m. – 3 p.m. |
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HIDALDGO COUNTY Disaster Recovery Center City of Weslaco Economic Development Corporation 275 South Kansas Ave. Weslaco, TX 78596 Mondays – Fridays, 9 a.m. – 7 p.m. Saturdays 8 a.m. – 3 p.m. |
JIM WELLS COUNTY Disaster Recovery Center Boys Club of Alice 3001 Old Kingsville Road Alice, TX 78332 Mondays – Fridays, 7 a.m. – 7 p.m. Saturdays 8 a.m. – 3 p.m. |
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All centers are closed for Labor Day, Monday, Sept. 3 |
Businesses of all sizes 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. The SBA can also lend additional funds to help business and residents with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.