OVILLA — The U.S. Small Business Administration announced Thursday it will open a Disaster Loan Outreach Center in Ovilla to meet the needs of businesses and residents affected by the severe winter storms, tornadoes, straight-line winds and flooding that occurred Dec. 26 through Jan. 21.
The Ovilla center will open Monday at the Ovilla Fire Department, 105 South Cockrell Hill Road.
SBA representatives will be available at the center from 8 a.m. until 4:30 p.m. Monday and Tuesday (closing for lunch between noon-12:30 p.m.). The center will also be open during the same hours on Thursday, April 14 and Friday, April 15.
Businesses of all sizes and private 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. SBA 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.
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 property.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling 800-659-2955 or emailing firstname.lastname@example.org.