In a recent government meeting, George from the Small Business Administration (SBA) announced the opening of a disaster resource center in San Marcos, Texas, set to launch tomorrow at 1 PM. This initiative, a collaboration between the SBA, FEMA, and local emergency services, aims to assist residents and businesses affected by severe storms and tornadoes that began on April 26.

The resource center will provide crucial information about federal disaster loans available to those impacted by the recent presidential disaster declaration, which covers Guadalupe and Calhoun counties, among others. George emphasized that the SBA offers low-interest loans for homeowners, renters, and businesses, with amounts reaching up to $500,000 for homeowners and $2 million for businesses.

He explained that eligibility for these loans is determined on a case-by-case basis, and there are no costs to apply. Interest rates are set at 2.688% for homeowners, 4% for businesses, and 3.25% for non-profit organizations. Additionally, George encouraged individuals who may have been denied loans to bring their denial letters to the resource center for assistance in resolving any issues.

The meeting highlighted the importance of community awareness regarding the available resources, with George urging attendees to share information about the disaster resource center widely. As the situation evolves, more counties may be added to the disaster declaration, expanding the reach of these vital support services.