US Small Business Administration is offering disaster loans to Texas residents and business owners due to severe weather on April 3rd. Three centers have been started by SBA for processing of loan applications. Storm victims can visit these centers to apply for disaster loans.
Disaster Loans will be made available and for processing of applications, centers have been opened in Dallas, Tarrant and Kaufman counties. The centers will remain open from Monday to Friday from 8 a.m till 4.30 p.m. People affected by storm can contact the centers for filing loan applications.
The ‘Dallas county center’ is located at Regions Bank Building, 1425 North Dallas Avenue in Lancaster, ‘Kaufman county center’ at Forney Police Department, 110 Justice Center Drive in Forney and ‘Tarrant county center’ is at Kennedale Chamber of Commerce, 205 W. Kennedale Parkway.
SBA Representatives will be present in the centers to answer to queries and help disaster victims file their loan applications. Homeowners can find loans up-to $200,000, renters can borrow up-to $40,000 and businesses can find loans up-to $2 million.
It becomes easier if applicants take pictures of damages and produce documents like ‘receipts of payments’ made for reparation. Applications need to be supported with documents and proofs. Then it eases getting the application started and processed. Loan applications can also be filed online and over phone. But then visiting the outreach centers in person accelerates the process.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to email@example.com