SBA officially offering low-interest loans to San Antonio tornado victims

On Friday, the Small Business Administration made it official: San Antonio has been officially declared a disaster area and tornado victims are eligible for low-interest federal disaster loans to help with recovery.

Government officials were inspecting tornado damage earlier this week to determine whether there was enough damage in certain areas for the extra funds to be made available.

According to a release from the SBA, the disaster declaration makes assistance available in Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson counties.

“SBA is strongly committed to providing Texas with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” Small Business Administration Secretary Linda McMahon said in the statement. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

The SBA is setting up an official Disaster Loan Outreach Center (DLOC) that will open on Monday, March 6 at 1p.m. located at the Central Library on 600 Soledad Street. Representatives will provide low-interest loan applications for victims to fill out.

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” SBA San Antonio District Director Anthony Ruiz said in the release.

The SBA says that the DLOC is expected to be open for up to 10 days.

Applicants can also apply online at the SBA's official disaster loan assistance website here. For more information, you can visit the SBA's official disaster loan website here.

© 2017 KENS-TV


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