Five Area Counties Available for SBA Disaster Loans

EAST TEXAS – Low-interest federal disaster loans are available to some area businesses and residents affected by the severe storms that occurred May 28 and 29. The Small Business Administration has announced the loans are in response to a request SBA received from Governor Greg Abbott on June 28. The disaster declaration makes SBA assistance available in Gregg, Harrison, Rusk, Smith and Upshur counties. The 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 late May storms.

SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application. No appointment is necessary.

GREGG COUNTY
Disaster Loan Outreach Center
Maude Cobb Convention & Activity Center
100 Grand Boulevard, Longview

Open July 6 to July 17
Monday-Friday, 9:00am to 6:00pm
Center closes 1:00pm Tuesday, July 18

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.