Deadline Approaches for SBA Disaster Relief Loans


The application period is currently open to small non-agricultural businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most non-profit organizations to apply for economic disaster loans from the Small Business Administration.

Those who qualify have until August 8 to apply for help with payroll, accounts payable, bills and fixed debts affected by excessive humidity between May 1 and September 1. 30, 2021.

Major counties, according to the SBA, include Hale, Castro, Jim Wells, Kleberg, Nueces and Willacy. Neighboring counties are listed as Aransas, Brooks, Cameron, Crosby, Deaf Smith, Duval, Floyd, Hidalgo, Hockley, Kenedy, Lamb, Live Oak, Lubbock, Parmer, Randall, San Patricio, and Swisher counties.

Interest rates on these loans are as low as 2.855% for businesses and 2% for private nonprofit organizations with terms up to 30 years, which are set by the SBA and determined by financial status. , according to the press release.

According to the press release, companies engaged in agriculture or animal husbandry are not eligible for this aid.

Applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.


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