Low interest loans available for businesses affected by March tornados

Low-interest federal catastrophe loans are now obtainable to business and inhabitants affected by the March 21 tornados.

The loans are available immediately after the U.S. Small Organization Administration announced a disaster declaration for quite a few counties on May perhaps 2.

The declaration helps make financial loans readily 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, Wooden and Younger counties in Texas and Bryan, Jefferson, Appreciate and Marshall counties in Oklahoma, according to a news launch.

Financial loans of up to $2 million are accessible for businesses and personal, non-gain companies to mend or substitute ruined or destroyed true estate, equipment and gear, stock and other small business belongings, in accordance to a news launch.

Householders can also acquire loans of up to $200,000 to repair or substitute destroyed or ruined true estate, according to a information launch. Homeowners and renters are qualified for up to $40,000 to mend or exchange harmed or ruined own assets.

The deadline to use for property destruction is July 5. The deadline to use for financial harm is Feb. 6, 2023.

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