U.S. Small Business Administration’s acting Administrator Tami L. Perriello has announced that low-interest federal disaster loans are now available to Texas businesses and residents as a result of President Joe Biden’s major disaster declaration following historically cold weather.
The declaration covers 77 Texas counties as a result of the severe winter storms that began on Feb. 11.
“SBA is strongly committed to providing Texas with the most effective and customer-focused response possible and with access to federal disaster loans to help businesses and residents affected by this disaster,” Perriello said. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
In consideration of the public health concerns due to the coronavirus pandemic, the SBA on Tuesday will establish a virtual business recovery center to provide personalized assistance to business owners.
In addition, SBA will also open a virtual disaster loan outreach center to help homeowners and renters. Customer service representatives will be available to business owners and individuals to answer questions about SBA’s disaster loan program, explain the application process and help each person complete their electronic loan application.
The center will be open Monday through Friday from 7 a.m. to 7 p.m. Central time.
The number is 800-659-2955 and email address is FOCWAssistance@sba.gov.
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