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SBA hurricane loans now a chance for companies, home 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 approved.

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

“Texas thanks the U.S. Small Business management for supplying this economic lifeline to qualifying small enterprises in the Rio Grande Valley because they continue steadily to rebuild from Hurricane Hanna,” Abbott said. “We will work alongside our federal lovers to guarantee Texans have actually the resources and help they must cure this storm.”

So who qualifies of these catastrophe funds?

Property owners can acquire loans all the way to $200,000 to fix or change property harm and $40,000 to displace individual home. Tenants can receive as much as $40,000 to correct or change property that is personal well.

Companies can receive as much as $2 million to fix or change real-estate, equipment and gear, inventory along with other assets damaged or damaged. Continue Reading…