October flood victims in Central Texas can apply for SBA assistance

Hill Country
Flooded home on Waterside Drive in Marble Falls on Oct. 16, 2018

KINGSLAND, Texas (KXAN) — Those affected by the October 2018 floods could qualify for assistance from The U.S. Small Business Administration. The SBA is offering low-interest federal disaster loans to flood victims in Travis, Williamson, Llano, Burnet and Blanco counties. 

SBA Representatives opened a Disaster Loan Outreach Center in Kingsland Tuesday to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete an application. 

Meeting Thursday starting at 6 p.m.:

Disaster Loan Outreach Center
First Baptist Church of Kingsland
3435 Ranch Road 1431
Kingsland, TX  78639

Businesses and 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, according to SBA.

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.

The agency can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela or applicants can call 1 (800) 659-2955 for more information. 

The deadline to apply for property damage is May 6, 2019. The deadline to apply for economic injury is Dec. 6, 2019.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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