SBA Stands Ready to Assist Texas Businesses and Residents Affected by the Severe Winter Storms

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 to businesses regardless of 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 3 percent for businesses, 2 percent for private nonprofit organizations and 1.25 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.

 

To be considered for all forms of disaster assistance, survivors must first contact the Federal Emergency Management Agency at www.disasterassistance.gov. 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. 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.

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The website of the Hondo Area Chamber of Commerce has been established to enhance communication within the business community of the Hondo area. The Chamber website is for communication purposes only, and any person or organization using the website should do their own due diligence evaluation of prospective business relationships.  This website links to other websites which are not under the control of the Hondo Area Chamber of Commerce; therefore, the Chamber is not responsible for the nature, content and availability of those sites.


The Chamber, its Board of Directors and Chamber staff, do not specifically endorse the members listed on the Web site, nor do they specifically endorse participants in their events.

 

Additionally, the Hondo Area Chamber of Commerce is nonpartisan and nonsectarian to the nomination, election and appointment of any candidate for political office in city, county, state and national government.  The Chamber does not endorse nor support any political candidate that may participate in or sponsor any Chamber event. 

CONTACT US

Hondo Area Chamber of Commerce

1113 17th St,

Hondo, TX 78861

(830) 426 - 3037

info@hondochamber.org

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