NEWS
Deadline nears for SBA disaster loans from flooding, tornado damage
Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded Texas businesses and residents of the Aug. 24, 2020, deadline to apply for an SBA federal disaster loan for property damage caused by severe storms, flooding and tornado in Montague County that occurred May 22, 2020.
According to Garfield, businesses of all sizes, most private nonprofit organizations, homeowners and renters may apply for SBA federal disaster loans to repair or replace disaster-damaged property. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
These low-interest federal disaster loans are available in Clay, Cooke, Jack, Montague and Wise counties in Texas; and Jefferson and Love counties in Oklahoma.
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 and other business assets.
In addition, SBA offers Economic Injury Disaster Loans to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for an SBA economic injury disaster loan is March 23, 2021.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 3 percent for businesses, 2.75 percent for private nonprofit organizations and 1.25 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
NEWS
May 4 ISD bond election results
Bowie ISD –
For – 477
Against – 1308
Forestburg ISD
Prop A – For 98, against 59
Prop A – For 86, against 72
All results preliminary until formally canvassed
NEWS
Gold-Burg High one-act prepares for public show on Sunday
The cast and crew of Gold-Burg High School’s state-bound one-act play “Interview,” will present a public show at 4 p.m. on May 5 in the Bowie Junior High Auditorium.
Admission is $5 and there will be a bake sale to raise funds for travel and other OAP expenses. The show is directed by Linda Fitzner.
The group will travel to Austin to perform on May 13 for the state title. This is the school’s first time to take a play to the state contest.
Pictured above: Cast of “Interview” in rehearsal this week. (Courtesy photo)
NEWS
Voters decide today on two ISD bonds
Voters in Bowie and Forestburg Independent School Districts will have their say Saturday as both entities offer up bond issues to improve infrastructure.
Early voting came to an end on Tuesday with a total of 1,230 people casting their ballots.
On election day the polls will be open 7 a.m. to 7 p.m. at three locations: Bowie Senior Citizens Center, Forestburg ISD Library and Sunset City Hall. Voters can cast their ballots at any of these locations due to countywide voting.
Read more about both bond proposals in your weekend Bowie News.
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