• Home

SBA tops $67 Million in disaster assistance loans to businesses and residents impacted by Harvey

Posted: Updated:

SACRAMENTO, Calif. – Acting Regional Administrator Dorothy Overal of the U.S. Small Business Administration’s Dallas/Fort Worth Regional Office announced today that SBA has approved $51,025,100 in federal disaster loans for Texas businesses and residents impacted by Hurricane Harvey.

According to Overal, SBA has approved 36 loans for $3,248,400 for businesses and 524 loans for $47,776,700 for residents to help rebuild and recover from this terrible disaster.

“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Overal. Businesses and residents who sustained damages are encouraged to register with the Federal Emergency Management Agency by visiting www.disasterassistance.gov. This is the fastest way to get help. “Don’t miss out on any assistance you may be entitled to by not registering. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.

SBA representatives continue to meet with business owners and residents to answer questions about SBA’s disaster loan program, explain the application process, help them complete their application and close their approved loans at disaster recovery centers located throughout the impacted area. For a list of locations, visit SBA’s website at www.sba.gov/harvey. No appointment is necessary.

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.

For small businesses and most private nonprofit organizations of all sizes, 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.

Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Applicants may receive additional disaster assistance information by visiting www.sba.gov/harvey. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The filing deadline to return applications for property damage is Oct. 24, 2017. The deadline to return economic injury applications is May 25, 2018.

    • Texas News Minute

      The latest Texas news from The Associated Press
    • Friday's Question of the Day

      Good morning Crossroads! Here's today's Question of the Day: 

    • Gun Found at Industrial HS

      A student brought a gun to the Industrial High school campus to trade for an electronic cigarette with another student. Officials say nobody was in danger at any time on Thursday.  

    • USPS today celebrates love of all kinds with the Love Flourishes Forever stamp

      PHOENIX — The U.S. Postal Service today celebrates love of all kinds with the dedication of  the Love Flourishes Forever stamp during a first-day-of-issue ceremony at the CREATIVATION conference held at the Phoenix Convention Center. Love Flourishes is the latest stamp in the popular Love series, which began 45 years ago. The stamp art features a fanciful garden of colorful flowers surrounding the word “Love” written in cursive script. Hand-painted by arti...
    • DeTar Hospital welcomes new CEO

      DeTar Hospital will hold an event Thursday evening welcoming their new CEO.  DeTar Hospital will come their new Chief Executive Officer, Gary Malaer, at DeTar Hospital Navarro Medi Center Thursday, January 18th, from 4:30 p.m. to 6 p.m.  Most recently, Mr. Malaer served as CEO of Carolinas Hospital System in Florence, S.C. Equipped with more than 20 years of healthcare industry experience, he has worked at hospitals across Texas and Florida. He holds a master's degree in...

    • VPD respond to shooting on Regency Ave

      VPD Officers responded to shots fired at the 100 block of Regency Avenue at 1:30 this afternoon. An injured man was located. The man was transported by VFD to Citizens Medical Center where he is being treated for non life-threatening injuries. 

    • Victoria County receives Silver ranking from Texas Healthy Community Program

      The Victoria County Public Health Department met with community leaders to discuss ongoing plans to promote healthy living. During the meeting, health officials revealed the results of the county's Texas Healthy Community assessment. 

    • Disaster Unemployment Benefit Payments for Hurricane Harvey Ending in February

      AUSTIN – The Texas Workforce Commission (TWC) reminds individuals whose employment or self-employment was impacted by Hurricane Harvey and who are receiving disaster unemployment benefits that their payments will end in February 2018. The Disaster Assistance Period for Hurricane Harvey ends Feb. 24, 2018, which means the benefit week ending Feb. 24, 2018, is the final payable week for customers receiving Disaster Unemployment Assistance (DUA) for Hurricane Harvey. As per federa...
    • Stroman Middle School closed Friday due to heating repairs

      The Stroman campus will be closed on Friday, January 19th, and students will not report to school. Stroman students will not be required to make up this attendance day. 

    • T. Boone Pickens' Pampa ranch is for sale

      T. Boone Pickens' first goal for the ranch was to enrich the land and returning it to an oasis for wildlife, much of which is back to its natural state of lush natural grasses which have never been grazed. It’s the perfect environment to protect thousands of quail and wildlife.

Current Conditions
/