SBA Disaster Loan Outreach Center in Canton to Close

SACRAMENTO, Calif., May 22 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

District Director Herbert Austin of the U.S. Small Business Administration's Dallas/Ft. Worth District office announced today that SBA will close its Canton Disaster Loan Outreach Center in Van Zandt County at 6 p.m. on Thursday, May 25.

"SBA opened the center to provide personalized assistance to Texas businesses and residents who were affected by the severe storms and tornadoes that occurred April 29, 2017. Until the Canton center closes, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA's disaster loan program and close their approved disaster loans," said Austin.

Businesses and residents can meet with SBA representatives on the days and times indicated below. No appointment is necessary.

VAN ZANDT COUNTY

Disaster Loan Outreach Center

Texas Farm Bureau Insurance

281 E. State Highway 243

Canton, TX 75103

Monday - Thursday, 9 a.m. - 6 p.m.

Closes 6 p.m. Thursday, May 25

Additionally, SBA customer service representatives continue to be available until 6 p.m. on Thursday, May 25 at the Emory Disaster Loan Outreach Center to meet individually with business owners and residents:

RAINS COUNTY

Disaster Loan Outreach Center

County Commissioner's Office

110 E. North St.

Emory, TX 75440

Monday - Thursday, 9 a.m. - 6 p.m.

Closes 6 p.m. Thursday, May 25

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 homeowners and businesses 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 3.215 percent for businesses, 2.5 percent for private nonprofit organizations and 1.938 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 using SBA's secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA's Customer Service Center by calling (800) 659-2955 or emailing [email protected]. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for property damage is July 10, 2017. The deadline to return economic injury applications is Feb. 12, 2018.