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SBA offers low-interest disaster loans to Welder Complex wildfire survivors; May 19 deadline for homeowners
Summary
A Small Business Administration public-information officer briefed the San Patricio County Commissioners Court on disaster loan programs after the March Welder Complex wildfire, outlining eligibility, interest rates and local application support through the county fairgrounds.
The U.S. Small Business Administration on March 31 told the San Patricio County Commissioners Court that disaster loan assistance is available to residents, renters, nonprofits and businesses affected by the Welder Complex wildfire in early March, and urged survivors to apply before federal deadlines.
An SBA public information officer, speaking at the court’s request, said homeowners can apply for physical-damage loans up to $500,000 to repair or replace real property and that personal-property loans are available up to $100,000. Businesses are eligible for loans up to $2 million, the officer said. The officer also described mitigation loans to strengthen homes against future disasters.
The SBA representa…
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