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Disaster recovery loans available for Valley residents following severe storms

· KRGV (NBC 5)

A disaster outreach center has opened in San Benito to help residents apply for federal disaster recovery loans, as announced by the U.S. Small Business Administration. These low-interest loans are available for small businesses, nonprofits, and residents in Cameron, Hidalgo, and Willacy counties affected by storms and tornadoes from April 24 to May 1, as well as those impacted by the May 9 storms. Businesses can borrow up to $2 million, while homeowners can apply for loans up to $500,000. The center is located at 705 N. Bowie St. and operates Monday to Friday from 9 a.m. to 6 p.m. Applications for physical damage are due by July 6.

AI summary · Source: KRGV (NBC 5)

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