Small Business Administration opens loan outreach center to help clean up in Crockett

 Small Business Administration opens loan outreach center to help clean up in Crockett

HOUSTON COUNTY, Texas (KETK) – The Houston County Small Business Administration Disaster Center is helping locals recover after a tornado passed through Crockett.

James Hall was one of several Crockett residents whose home and property were damaged after a tornado on March 21st.

“Have patience,” Hall said. “You can’t do it all night.”

Hall’s roof and windows were broken and he was lucky to have insurance, however, he lost two rented houses.

“The insurance was so high for them that I did the math and I would buy a house again,” Hall said.

This is where the Small Business Administration comes in to help ensure that people do not lose their homes or businesses by offering low interest loans to homeowners, renters and businesses.

Businesses of all sizes and private nonprofit organizations can borrow up to $ 2 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory as well as other business assets.

The SBA may also lend additional funds to businesses and homeowners to help cover the cost of repairs to protect, prevent or minimize the same type of disaster damage that may occur in the future.

“If they’re approved for a loan, that could be an option for them,” said Louise Porter, Public Information Officer at the U.S. Small Business Association. “They have time to decide if they want to accept that and it will help them recover and get back to normal.”

The Houston County District Loan Outreach Center is located in the Crockett Civic Center in the economic and industrial development board room at 1100 Edmiston Drive. The center is open Monday through Friday from 9 a.m. to 6 p.m. The center will close on Thursday, May 26 at 6 p.m.

“People can get off here at the Crockett civic center and meet with a disaster recovery specialist or they can go online,” Porter said.

Those who are waiting for insurance, can still enter and apply.

“The damage to this county is considered high enough that it has taken this declaration, and now the nice thing is that all the contiguous counties around Houston County are also eligible. So, any county that touches on Houston County also deserves this program, ”Porter said.

“Don’t lose faith in your faith as much as you can,” Hall said.

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