[Dallas County Residents Eligible For Federal Disaster Loan Through the Small Business Association, From May 2013 Severe Weather]

[Dallas, TX] – [This is an advisory to inform residents of Dallas County, that anyone who lives in Dallas County who owns property (as a primary residence) or a business in areas affected by the severe weather that occurred May 15, 2013,  are eligible for a Disaster Assistance Loan through the SBA. If you fit the criteria, you are urged to call or visit any of the three outreach centers (Ellis County, Johnson County and Hood County) in the press release below. You may also call the SBA’s Customer Service 800 line or email them for a Disaster Loan Application Form and information.  See bottom of the press release below for contact details.]

05-30-13Tornado


Release Date:  May 29, 2013

Media Contact:  Richard Jenkins

Release Number:  TX-13590-01

Phone:  (916) 735-1500

SBA Offers Disaster Assistance to Texas Residents

And Businesses Affected by the Severe Weather and Tornadoes

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Texas residents and business owners affected by the severe weather and tornadoes that occurred May 15, 2013, U. S. Small Business Administration (SBA) Administrator Karen G. Mills announced today.  SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Rick Perry on May 24, 2013.

The disaster declaration makes SBA assistance available in the Texas counties of Ellis, Hood, and Johnson and the neighboring counties of Bosque, Dallas, Erath, Henderson, Hill, Kaufman, Navarro, Palo Pinto, Parker, Somervell and Tarrant.

“The U. S. Small Business Administration is strongly committed to providing Texans with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for residents and businesses affected by the disaster,” said Mills.  “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to homeowners, renters, businesses of all sizes and private, nonprofit organizations whose property was damaged or destroyed by this disaster,” said SBA’s Dallas/Ft. Worth District Director Herbert Austin.  “Beginning Thursday, May 30, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Austin continued.  The centers will be open on the days and times indicated until further notice.  No appointment is necessary.

Ellis County

Disaster Loan Outreach Center

Ellis County Sub Courthouse

207 S. Sonoma Trail

Ennis, TX 75119

Hours: 8 am – 5 pm

Mondays through Fridays

Hood County

Disaster Loan Outreach Center

Hood County Courthouse

100 E. Pearl St., 1st Floor

Granbury, TX 76048

Hours: 8 am – 5 pm

Mondays through Fridays

Johnson County

Disaster Loan Outreach Center

Cleburne Conference Center

(Pat Cleburne and Camp Henderson Rooms)

1501 W. Henderson St.

Cleburne, TX 76033

Hours: 9 am – 6 pm

Mondays through Fridays

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.

Businesses of any size 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 homeowners and businesses to help 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, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any property damage.

Interest rates can be as low as 1.875 percent for homeowners and renters, 2.875 percent for private, nonprofit organizations and 4 percent for businesses, 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 using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955, e-mailing disastercustomerservice@sba.gov or visiting SBA’s Web site at http://www.sba.gov/services/disasterassistance.  Individuals who are deaf or hard-of-hearing may call (800) 877-8339.

The filing deadline to return applications for property damage is July 29, 2013.  The deadline to return economic injury applications is March 3, 2014.

SBA Field Operations Center – West, P.O. Box 419004, Sacramento, CA 95841

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