AUSTIN, Texas – The U.S. Small Business Administration (SBA) has opened a Disaster Loan Outreach Center (DLOC) in Victoria County in the city of Victoria.
The center is at the following location:
University of Houston – Victoria Small Business Development Center
1908 N. Laurent St., Suite 400
Victoria, TX 77901
Hours: Monday-Friday, 8 a.m. to 5 p.m.; closed Saturday and Sunday
SBA representatives will be on hand to meet with business owners, homeowners and renters to help them with the disaster loan application process and close their approved loans at all Disaster Recovery Centers (DRCs), SBA Business Recovery Centers and DLOCs located throughout the disaster area.
Even though the deadline to apply for an SBA disaster loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, still have until May 25, 2018 to apply for an economic injury disaster loan to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. Interest rates for economic injury disaster loans are 3.305 percent for businesses, and 2.5 percent for private nonprofit organizations with terms up to 30 years. Business owners may apply at any center or online using SBA’s secure website at disasterloan.sba.gov/ela.