Gov. Perry Requests Aid For Webb County Following June Storm
AUSTIN – Gov. Rick Perry announced today that he has asked the Small Business Administration (SBA) to declare Webb County a disaster area following wind and hail damage in a storm June 2. If the governor’s request is approved, an SBA declaration will enable citizens and businesses affected by the storm to apply for low interest loans.
“The damage caused by this storm has created an economic emergency in Webb County,” Perry said. “I urge SBA to consider and act on this request quickly so that the rebuilding process can begin.”
The governor’s request comes following recent damage assessments showing that 25 homes and businesses in the county had suffered an uninsured or underinsured loss of more than 40 percent. If the governor’s request for assistance is granted, homeowners will be able to borrow up to $200,000 and businesses will able to borrow up to $1.5 million to repair or replace property damaged in the storms. The loans are offered at interest rates as low as 2.8 percent for terms up to 30 years.
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