SBA hurricane loans now a chance for companies, property owners, tenants

HARLINGEN — Gov. Greg Abbott announced throughout the week-end that their ask for an Economic Injury Disaster Declaration for six counties struck by Hurricane Hanna happens to be authorized.

Your choice starts the gate for neighborhood non-farm business that is small, personal nonprofits, homeowners and renters in Cameron, Hidalgo, Willacy, Starr, Brooks and Kenedy counties to use for small company Administration long-term, low-interest loans.

“Texas thanks the U.S. Small Business management for providing this lifeline that is financial qualifying small enterprises into the Rio Grande Valley because they continue steadily to reconstruct from Hurricane Hanna,” Abbott stated. “We works alongside our federal lovers to guarantee Texans have actually the resources and help they should get over this storm.”

So who qualifies of these catastrophe funds?

Property owners can acquire loans as much as $200,000 to fix or change property harm and $40,000 to change individual home. Continue reading