Businesses, residents can receive SBA flood disaster assistance

Published on September 20, 2022

Low-interest federal disaster loans are available to Texas businesses and residents affected by the severe storms and flooding that occurred Aug. 22-25, the U.S. Small Business Administration announced.

The disaster declaration makes SBA assistance available in Collin, Dallas, Denton, Ellis, Kaufman, Rockwall and Tarrant counties.

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.

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.

Applicants may apply online, receive additional disaster assistance information and download applications. Applicants may also call SBA’s Customer Service Center at 800-659-2955 or email for more information on SBA disaster assistance.

The deadline to apply for property damage assistance is Nov. 14. The deadline to apply for economic injury assistance is June 14.

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