• December 18, 2014

32 apply for disaster loans in Bell County

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Posted: Saturday, November 13, 2010 12:00 pm | Updated: 9:17 am, Thu Aug 16, 2012.

By Sonya Campbell

Killeen Daily Herald

The U.S. Small Business Administration received 32 disaster applications at its temporary outreach center in the Bell County Courthouse, as of Friday, according to SBA spokeswoman Yolanda Stokes.

Residents and businesses affected by Tropical Storm Hermine began filing applications for low-interest federal disaster loans at the site on Wednesday.

Stokes said the location will remain open as long as a need exists.

Those who suffered physical losses to real estate, personal property losses, such as furniture, and losses pertaining to automobiles can apply for assistance.

Businesses that lost inventory, machinery, equipment and/or a loss of income can apply for a loan, as well.

Stokes said homeowners typically receive funding in about seven to 10 days.

For businesses, funding is usually available in 10 to 20 days, depending on their corporate structure.

The interest rate for homeowners is 2.5 percent; nonprofits, 3 percent; and businesses, 4 percent.

Applicants do not need to provide any paperwork initially.

Stokes said any necessary documentation will be requested once a loan officer and case manager have been assigned.

"Don't bring anything. Don't worry. Just come into the center (at the courthouse)," she said.

Hours of operation are 8 a.m. to 4:30 p.m. Monday through Friday.

No appointments are necessary.

For more information, call (800) 659-2955 or go to diasterloan.sba.gov/ela.

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