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

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

HARLINGEN — Gov. Greg Abbott announced on the that his request for an Economic Injury Disaster Declaration for six counties hit by Hurricane Hanna has been approved weekend.

Your decision starts the gate for regional non-farm small businesses, personal nonprofits, homeowners and renters in Cameron, Hidalgo, Willacy, Starr, Brooks and Kenedy counties to try to get business Administration long-term, low-interest loans.

“Texas thanks the U.S. Small Business management for providing this lifeline that is financial qualifying smaller businesses within the Rio Grande Valley while they continue steadily to reconstruct from Hurricane Hanna,” Abbott stated. “We will work alongside our partners that are federal guarantee Texans have actually the resources and help they should get over this storm.”

Who qualifies of these tragedy funds?

Home owners can buy loans as much as $200,000 to fix or change property harm and $40,000 to restore personal home. Tenants can receive as much as $40,000 to fix or change personal home since well.

Companies can receive up to $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 any size, also personal, nonprofit companies.

Economy damage loans are only offered to smaller businesses and many nonprofit organizations which are putting up with undesirable monetary effects from hurricane harm. Continuer la lecture de « SBA hurricane loans now a spin for companies, property owners, tenants »