HARLINGEN вЂ” Gov. Greg Abbott announced within the that his request for an Economic Injury Disaster Declaration for six counties hit by Hurricane Hanna has been approved weekend.
Your decision starts the gate for neighborhood non-farm small enterprises, personal nonprofits, homeowners and renters in Cameron, Hidalgo, Willacy, Starr, Brooks and Kenedy counties to apply for small company Administration long-lasting, low-interest loans.
вЂњTexas thanks the U.S. Small Business Administration for supplying this lifeline that is financial qualifying smaller businesses when you look at the Rio Grande Valley while they continue steadily to reconstruct from Hurricane Hanna,вЂќ Abbott stated. вЂњWe will work alongside our federal lovers to guarantee Texans have actually the resources and support they must cure this storm.вЂќ
Who qualifies of these catastrophe funds?
Home owners can buy loans as high as $200,000 to fix or change real-estate harm and $40,000 to displace property that is personal. Tenants can receive as much as $40,000 to fix or change property that is personal well.
Companies can receive as much as $2 million to correct or change real-estate, equipment and gear, stock along with other assets damaged or damaged. These loans can be obtained to all or any companies of every size, along with personal, nonprofit businesses.
Economy damage loans are merely accessible to smaller businesses and many nonprofit organizations that are enduring undesirable monetary effects from hurricane harm. Read more