Low interest loans available for businesses affected by March tornados

 Low interest loans available for businesses affected by March tornados


The low -interest federal disaster loan is now available to businesses and residents affected by the March 21 tornadoes.

The loans will be available after the U.S. Small Business Administration announced a disaster declaration for several counties on May 2nd.

The declaration makes the loans available to 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 of Texas; and Bryan, Jefferson, Love and Marshall counties in Oklahoma, according to a news release.

Loans of up to $ 2 million are available for businesses and private, non-profit organizations to repair or replace damaged or destroyed land, machinery and equipment, inventory and other business assets, according to a release. in the news.

A home on the Windsong Trail in Round Rock was destroyed by a tornado that struck on March 21st.

Homeowners can also receive loans of up to $ 200,000 to repair or replace damaged or damaged land, according to a news release. Homeowners and tenants are entitled to up to $ 40,000 to repair or replace damaged or damaged personal property.

The deadline to apply for property damage is July 5. The deadline to apply for economic damage is Feb. 6, 2023.

READ: The reopening of stores in the tornado-hit Round Rock shopping center is uncertain



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