State officials accepted San Antonio’s disaster declaration, opening the door to Small Business Administration (SBA) assistance for flood victims. Texas Governor Rick Perry signed the disaster declaration today for the May 25, 2013 flooding event that affected the City of San Antonio and Bexar County. Representatives from the SBA recently completed a damage assessment of the area and concluded that the City has met the requirements for low-interest SBA loans for flood victims.
"We are committed to doing everything we can to help flood victims through this difficult time," Mayor Julián Castro said.
City and County staff will work with the SBA to identify a location for a Disaster Loan Outreach Center (DLOC) where residents can apply for low interest loans assisting with recovery. When it is activated, the DLOC will remain open for 30 days. Thus far, the City and County have identified more than 200 homes that have been affected by this recent weather event.
SBA provides low-interest, long-term loans for physical and economic damage caused by a declared disaster. The citizens affected by this flood event will have the opportunity to speak with an SBA Loan officer to determine the amount of the loan. The loans will vary by individual.
Residents are still being urged to contact 3-1-1 to report any flood damage to their homes, so that the proper resources can be deployed. SBA loans are also available to city and county residents that have not been identified, but were affected by the Flood Event. For additional information, visit saoemprepare.com.