HARLINGEN — Gov. Greg Abbott announced within the weekend that their ask for an Economic Injury Disaster Declaration for six counties struck by Hurricane Hanna happens to be authorized.
Your decision starts the gate for neighborhood non-farm small businesses, personal nonprofits, homeowners and renters in Cameron, Hidalgo, Willacy, Starr, Brooks and Kenedy counties to utilize for small company Administration long-lasting, low-interest loans.
“Texas thanks the U.S. Small Business Administration for supplying this monetary lifeline to qualifying smaller businesses within the Rio Grande Valley while they continue steadily to rebuild from Hurricane Hanna,” Abbott said. “We will work alongside our federal lovers to make sure Texans have actually the resources and help they should cure this storm.”
Who qualifies of these tragedy funds?
Home owners can buy loans all the way to $200,000 to fix or change real-estate harm and $40,000 to restore property that is personal. Tenants can receive as much as $40,000 to fix or replace property that is personal well.
Companies can receive as much as $2 million to correct or change real-estate, machinery and gear, stock as well as other assets damaged or damaged. These loans can be obtained to all the organizations of every size, along with personal, nonprofit companies.
Economy damage loans are just open to businesses that are small many nonprofit organizations that are putting up with negative monetary effects from hurricane harm. These loans could be as much as $2 million for working money to simply help spend obligations until normal operations resume. Continue reading “SBA hurricane loans now a spin for companies, home owners, tenants”