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New Lifeline for RGV Businesses: SBA Opens Recovery Center
The U.S. Small Business Administration (SBA) has taken a significant step forward in supporting local communities by opening a Business Recovery Center in Weslaco, Hidalgo County. This facility aims to assist small businesses, nonprofits, and residents recovering from the devastating storms and flooding that hit the region from March 26 to 28. Many in the RGV, including McAllen, Edinburg, Mission, Harlingen, Brownsville, Donna, and Pharr, have felt the economic impact of these disasters.
Walk-Ins Welcome: Accessible Assistance Awaits
Located at the Valley Metro Transit Center, the Business Recovery Center invites anyone affected by these unfortunate events to come in without an appointment. SBA customer service representatives are there to answer questions and help with the disaster loan application process. These loans can provide critical funding for businesses and individuals looking to rebuild.
Financial Relief: What’s Available?
For businesses and nonprofits, the SBA offers physical disaster loans of up to $2 million to repair or replace damaged property. Homeowners and renters can apply for loans up to $100,000 for personal property and up to $500,000 for primary residence repairs. Notably, these loans can cover essential items from furniture to major appliances, serving as a crucial avenue to restore normalcy following the disaster.
Facilitating Recovery: More Than Just Loans
The Business Recovery Center is not only about financial assistance; it aims to guide community members through the entire recovery process. Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA, reinforces this vision, stating that these centers provide vital face-to-face interactions with specialists who can connect individuals with necessary resources.
Act Now: Recovery Starts Here
For any residents or business owners in the RGV facing challenges post-disaster, visiting this center can be the first step toward recovery. The center is open Monday through Friday from 8 a.m. to 5 p.m., ensuring that everyone has a chance to receive the resources they need. Remember, the path to rebuilding begins with information and support available right in your community. Together, the RGV can rise from the ashes of adversity and emerge stronger than ever.
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