If you’ve applied for FEMA and have been denied, you may receive a phone call to advise you of ways to apply for the Small Business Administration (SBA). If referred to the SBA, a loan application must be completed and returned to be considered for a loan.
The SBA gives low-interest disaster loans. You don’t have to own a business.
You usually have 60 days after the disaster to apply. The SBA may extend this date. You must apply by the deadline or you lose your chance to apply. The deadline to apply for Texas Severe Winter Storm (DR-4586-TX) is April 20, 2021.
You can apply for an SBA loan online at https://disasterloan.sba.gov. You can also apply by phone or by mail.
The SBA offers loans with long-term repayments, in many cases up to 30 years.
Lone Star Legal Aid is a 501(c)(3) nonprofit law firm focused on advocacy on behalf of low-income and underserved populations. Lone Star Legal Aid serves the millions of people at 125% of federal poverty guidelines that reside in 72 counties in the eastern and Gulf Coast regions of Texas, and 4 counties of southwest Arkansas. Lone Star Legal Aid focuses its resources on maintaining, enhancing, and protecting income and economic stability; preserving housing; improving outcomes for children; establishing and sustaining family safety and stability, health and well‐being; and assisting populations with special vulnerabilities, like those who have disabilities, or who are elderly, homeless, or have limited English language skills. To learn more about Lone Star Legal Aid, visit our website at http://www.lonestarlegal.org.
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