SBA offering low-interest flood relief loans in Kendall County

WASHINGTON — The U.S. Small Business Administration announced the availability of low-interest federal disaster loans to Texas businesses, nonprofits and residents affected by severe storms, straightline winds and flooding occurring July 2-18.

The SBA issued a disaster declaration in response to a request received from Gov. Greg Abbott on Sept. 11. The disaster declaration covers the Texas counties of Coke, Concho, Kendall, Mason and Sutton.

Businesses and nonp rofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disast er-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.