NEWS
SBA offers disaster assistance to Texas businesses and residents affected by severe storms
Low-interest federal disaster loans are available to Texas businesses and residents affected by the severe storms and tornadoes that occurred on March 21, 2022, announced Administrator Isabella Casillas Guzman (https://www.sba.gov/person/isabella-casillas-guzman) of the U.S. Small Business Administration. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Greg Abbott on May 2, 2022.
The disaster declaration makes SBA assistance available in Anderson, Angelina, Archer, Bastrop, Bell, Burnet, Caldwell, Camp, Cherokee, Clay, Collin, Cooke, Denton, Fannin, Fayette, Grayson, Gregg, Harrison, Houston, Jack, Lee, Leon, Madison, Marion, Milam, Montague, Morris, Nacogdoches, Palo Pinto, Parker, Rusk, San Augustine, Shelby, Smith, Travis, Trinity, Upshur, Walker, Williamson, Wise, Wood and Young counties in Texas; and Bryan, Jefferson, Love and Marshall counties in Oklahoma.
“SBA’s mission-driven team stands ready to help Texas’s small businesses and residents impacted by the severe storms and tornadoes,” said Administrator Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”
“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “Beginning Monday, May 9, SBA customer service representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Garfield continued. The centers will be open on the days and times indicated below. No appointment is necessary. Additional locations will be announced in the coming days.
JACK COUNTY
Disaster Loan Outreach Center
Jack County Courthouse
100 North Main St.
Jacksboro, TX 76458
Opens 1 p.m. Monday, May 9
Mondays to Fridays, 8:30 a.m. – 5:00 p.m.
WILLIAMSON COUNTY
Disaster Loan Outreach Center
Wayfinders Church
508 North Fifth St.
Jarrell, TX 76537
Opens 9 a.m. Monday, May 9
Mondays – Fridays, 9:00 a.m. – 6:00 p.m.
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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
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 2.94 percent for businesses, 1.875 percent for private nonprofit organizations and 1.438 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. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is July 5, 2022. The deadline to apply for economic injury is Feb. 6, 2023.
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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.
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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