S.B.A. OFFERS LOW INTEREST DISASTER LOANS

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Low-interest disaster loans are now available to Texas residents and businesses as a result of president bush’s federal disaster declaration.
The declaration covers Cameron, Hidalgo, and Willacy counties as result of the effects of hurricane dolly.
Disaster loans up to $200,000 dollars are available to homeowners to repair or replace damaged or destroyed primary residence.
The small business administration can also lend additional funds to homeowners and businesses through the economic injury disaster loans or E.I.D.L to help meet working capital needs caused by the disaster.
Interest rates can be as low as 2.7 percent for homeowners and renters and four percent for businesses with terms up to 30 years.
The filing deadline to return applications for property damage is September 29, 2008. The EIDL deadline is May 1, 2009. Calling the SBA customer service center at 1-800-659-2955