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Lewisville Texan Journal The Lewisville Texan Journal
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Home News Local News Lewisville residents may be eligible for disaster relief loans
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Lewisville residents may be eligible for disaster relief loans

By
Leopold Knopp
-
November 20, 2018
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Homeowner Larry Stephens gets a look at the result of flood waters pushing a trailer into a boat on his property. Stephens had water inside his house. (Photo by Steve Southwell)

Texas home and business owners are reminded to apply for an SBA federal disaster loan for property damage caused by the severe storms in Ellis, Sutton and Tarrant counties that occured Sept. 21-23 2018. These low-interest loans are available to several surrounding counties, including Denton County. The deadline to apply is Dec. 17.

A Lewisville mobile home neighborhood off Holford’s Prairie Road was severely flash flooded during the storms that weekend.

Businesses of all sizes, most private nonprofit organizations, homeowners and renters may apply for SBA federal disaster loans to repair or replace disaster-damaged property. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 2 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

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  • flood
  • Lewisville
  • Mobile Homes
  • Oak Tree Estates
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