April 20, 2024

businessweek

Taste For Business

Low interest loans available for businesses affected by March tornados

Very low-fascination federal catastrophe financial loans are now accessible to business enterprise and citizens impacted by the March 21 tornados.

The financial loans are offered soon after the U.S. Smaller Small business Administration introduced a disaster declaration for several counties on May 2.

The declaration can make financial loans out there in Anderson, Angelina, Archer, Bastrop, Bell, Burnet, Caldwell, Camp, Cherokee, Clay, Collin, Cooke, Denton, Fannin, Fayette, Grayson, Gregg, Harrison, Houston, Jack, Lee, Leon, Madison, Marion, Milam, Montague, Morris, Nacogdoches, Palo Pinto, Parker, Rusk, San Augustine, Shelby, Smith, Travis, Trinity, Upshur, Walker, Williamson, Clever, Wooden and Younger counties in Texas and Bryan, Jefferson, Adore and Marshall counties in Oklahoma, according to a information release.

Loans of up to $2 million are available for enterprises and private, non-gain organizations to maintenance or change weakened or ruined actual estate, equipment and products, inventory and other organization property, according to a news release.

A house on Windsong Trail in Round Rock was damaged by a tornado that struck March 21.

Home owners can also acquire financial loans of up to $200,000 to repair service or replace broken or wrecked genuine estate, according to a information release. Homeowners and renters are eligible for up to $40,000 to maintenance or change ruined or ruined particular residence.

The deadline to utilize for home hurt is July 5. The deadline to utilize for economic injuries is Feb. 6, 2023.

Browse: Reopenings unsure at Round Rock searching heart shops bashed by twister