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Jul 17

Federal Low-Interest Loans Offered to Residents and Businesses

Posted on July 17, 2024 at 11:23 AM by Jason Calder

3The U.S. Small Business Administration (SBA) has announced that low-interest federal disaster loans are available for Baytown residents and businesses who were impacted by Hurricane Beryl.

Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed homes, in addition to up to $100,000 to repair or replace damaged or destroyed personal property, including vehicles.

Businesses, regardless of size, and non-profit organizations can borrow up to $2 million to repair or replace structures, equipment, and other business assets.

Additional information and details about the SBA loans can be found on the SBA website or by calling 1-800-659-2955.