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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 following severe storms and tornadoes in Cameron, Hidalgo, and Willacy counties. The U.S. Small Business Administration announced that low-interest loans are available for small businesses, nonprofits, and residents affected by storms from April 24 to May 1, as well as the May 9 storms. Businesses can borrow up to $2 million, while homeowners can apply for 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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