05/17/2022
SBA Disaster News Release – SBA to Open an Additional Five Disaster Loan Outreach Centers -- Including Montague County
SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today announced the opening of five Disaster Loan Outreach Centers including one in Montague County.
The centers will be open on the dates and times listed below, to meet the needs of businesses and individuals who were affected by severe storms and tornadoes that occurred on March 21, 2022.
“SBA customer service representatives will be on hand at the following centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application,” Garfield continued. The centers will be open on the days and times indicated. No appointment is necessary.
BASTROP COUNTY
HOUSTON COUNTY
MONTAGUE COUNTY
Disaster Loan Outreach Center
Montague County Courthouse
Old County Courthouse – Third Floor
11339 State Highway 59 N
Montague, TX 76251
Opens 1 p.m.
Mondays – Fridays, 8:30 a.m. - 5:00 p.m.
Closes at 5:00 p.m. Thursday, May 26
NACOGDOCHES COUNTY
UPSHUR COUNTY
JACK COUNTY
WILLIAMSON COUNTY
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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to 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 to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
SBA 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.
Interest rates can be as low as 2.94 percent for businesses, 1.875 percent for private nonprofit organizations and 1.438 percent for homeowners and renters 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, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is July 5, 2022. The deadline to apply for economic injury is Feb. 6, 2023.
The SBA offers disaster assistance in the form of low interest loans to businesses, nonprofit organizations, homeowners, and renters located in regions affected by declared disasters. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the ec...
