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SBA Offers Disaster Loan Outreach Centers in Round Rock and Jarrell

  • 6 May 2022
  • Author: Connie Odom
  • Number of views: 974
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SBA Offers Disaster Loan Outreach Centers in Round Rock and Jarrell

Low-interest federal disaster loans are available to Texas businesses and residents affected by the severe storms and tornadoes that occurred on March 21, 2022, announced Administrator Isabella Casillas Guzman of the U.S. Small Business Administration. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Greg Abbott on May 2, 2022. View the SBA fact sheet in English and Spanish.

The disaster declaration makes SBA assistance available in Anderson, Angelina, Archer, Bastrop, Bell, Burnet, Caldwell, Camp, Cherokee, Clay, Collin, Cooke, Denton, Fannin, Fayette, Grayson, Gregg, Harrison, Houston, Jack, Lee, Leon, Madison, Marion, Milam, Montague, Morris, Nacogdoches, Palo Pinto, Parker, Rusk, San Augustine, Shelby, Smith, Travis, Trinity, Upshur, Walker, Williamson, Wise, Wood and Young counties in Texas; and Bryan, Jefferson, Love and Marshall counties in Oklahoma. View the SBA press release here. 

“SBA’s mission-driven team stands ready to help Texas’s small businesses and residents impacted by the severe storms and tornadoes,” said Administrator Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “Beginning Monday, May 9, SBA customer service representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Garfield continued. The centers will be open on the days and times indicated below. No appointment is necessary.  Additional locations will be announced in the coming days.

A second Disaster Loan Outreach Center is opening in Williamson County in Round Rock on May 16. View the press release for more information. 

ROUND ROCK

Disaster Loan Outreach Center

Clay Madsen Recreation Center

1600 Gattis School Road

Round Rock, TX  78664

Opens 1 p.m., Monday, May 16

Mondays - Fridays, 9 a.m. - 6 p.m.

JARRELL

Disaster Loan Outreach Center

Wayfinders Church

508 North Fifth St.

Jarrell, TX  76537

Opens 9 a.m. Monday, May 9

Mondays – Fridays, 9 a.m. - 6 p.m.

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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, 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 damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 2.94 percent for businesses, 1.875 percent for private nonprofit organizations and 1.438 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. 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. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The deadline to apply for property damage is July 5, 2022. The deadline to apply for economic injury is Feb. 6, 2023.

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