Irving: SBA Offering Low-Interest Disaster Loans From The Winter Weather

Press release from the City of Irving:

February 24, 2021

The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to non-farm businesses of all sizes, private nonprofits, homeowners and renters who were affected by the winter storm that began Feb. 11.

Available SBA loans and criteria are:

Individuals and Families:

• Homeowners: up to $200,000 to repair or replace real estate damage and up to $40,000 to replace personal property.
• Renters: up to $40,000 to repair or replace personal property.

Businesses:

• Property Damage: up to $2,000,000 to repair or replace real estate, machinery and equipment, inventory and other assets that were damaged or destroyed.
• Economic Injury: only for small businesses and most private non-profit organizations suffering adverse financial impacts of the disaster (with or without property loss), up to $2,000,000 for working capital to help pay obligations until normal operations resume.

For questions or assistance, SBA has established a Virtual Disaster Loan Outreach Center open 8 a.m. to 8 p.m. EST, Monday through Friday.

• Email FOCWAssistance@sba.gov,
• Call (800) 659-2955

For more details and to apply online, visit https://disasterloanassistance.sba.gov.

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This press release was produced by the City of Irving. The views expressed here are the author’s own.