Palo Pinto County, Texas businesses and residents were affected by eastland complex fire on 3/16/2022 through 3/30/2022. The Small Business Administration (SBA) is offering financial disaster assistance for Palo Pinto County, Texas businesses that suffered physical damage or economic injury and loss to their TX business operations located in Palo Pinto County.
SBA Loan Deadlines for the Palo Pinto County, Texas Declared Disaster Declaration #17425 and #17426
– Physical Damage Loan Application filing deadline is 06/27/2022.
– Economic Injury Disaster Loan (EIDL) Application filing deadline is 01/27/2023.
– Read the official SBA disaster declaration for Palo Pinto County here.
Business Owners in Palo Pinto County, for speed and personalized attention, Schedule Your Free Disaster Loan Consultation call. Depending on your situation, we may be able to assist you with the SBA process for your business in Palo Pinto County Texas.
Eastland Complex Fire Incident in Palo Pinto County TX
On 3/16/2022 through 3/30/2022, a Eastland Complex Fire bad weather incident caused damage in areas of Texas. Disaster Number TX-00628 was declared on 4/27/2022 as an official disaster area through Disaster Declaration #17425 and #17426 due to Eastland Complex Fire.
Palo Pinto County, Texas Cities and Towns Affected by Eastland Complex Fire
Here is a list of all the Palo Pinto County, Texas cities, towns, parishes, and municipalities affected by the Eastland Complex Fire that occurred 3/16/2022 through 3/30/2022:
Gordon, Graford, Mineral Wells, Mingus, Palo Pinto, Santo, Strawn.
In Palo Pinto County, Texas, eligible businesses and residents are able to apply for a low-interest disaster loan from the U.S. Small Business Administration (SBA), commonly known as an SBA Economic Injury Disaster Loan (EIDL). The SBA offers disaster loan assistance to businesses, nonprofit organizations, homeowners, and renters located in Palo Pinto County, Texas, that were affected by the declared disaster number TX-00628.
The SBA also provides eligible Palo Pinto County, Texas small businesses and nonprofit organizations with working capital to help overcome the economic injury of the declared disaster in Palo Pinto County, Texas.
To apply for financial assistance from the SBA for your business that was affected by Eastland Complex Fire in Palo Pinto County, visit the official SBA Disaster Loan Assistance website.
Physical Damage to Your Palo Pinto County Business Property
Palo Pinto County, Texas businesses and private nonprofit organizations of any size may borrow an SBA EIDL loan up to a $2 million (two million dollars) to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants in Palo Pinto County, Texas may be eligible for an EIDL loan increase up to 20% (twenty percent) of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain or retaining wall to help protect property and occupants from potential future damage that could be caused by a similar disaster in Palo Pinto County, Texas.
Economic Injury to Your Palo Pinto County Business Operations in Texas
For Palo Pinto County small businesses, companies, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical damage to property.
Interest Rates for SBA EIDL Palo Pinto County, Texas Disaster Loans
Interest rates for Palo Pinto County, Texas are as low as 2.940% (two point nine four zero percent) for businesses, 1.875% (one point eight seven five percent) for nonprofit organizations, with loan amortization terms up to 30 years or 360 months. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition of their business located in Texas.
Palo Pinto County SBA Loan Interest Rates for Physical Damage:
– Texas Businesses with Credit Available Elsewhere 5.880%
– Businesses in Texas without Credit Available Elsewhere 2.940%
– Texas Non-Profit Organizations with Credit Available Elsewhere 1.875%
– Non-Profit Organizations in Texas without Credit Available Elsewhere 1.875%
Palo Pinto County SBA Loan Interest Rates for Economic Injury:
– Businesses and Companies in Texas 2.940%
– Small Texas Agricultural Cooperatives without Credit Available Elsewhere 2.940%
– Texas Non-Profit Organizations without Credit Available Elsewhere 1.875%
Palo Pinto County Business Owners, Schedule Your Free Disaster Loan Consultation Call for One-on-One Assistance for Your Company that was Affected by Eastland Complex Fire in Palo Pinto County, TX.
Palo Pinto County, Texas Disaster Assistance from FEMA
If your Palo Pinto County, Texas business was impacted by Eastland Complex Fire, and is located in one of the communities approved for assistance from the Federal Emergency Management Agency (FEMA), you can apply for disaster assistance.
Check to see if Palo Pinto County, Texas is approved by FEMA by visiting DisasterAssistance.gov or by calling 1-800-621-3362 between the hours of 7am to 11pm Eastern Standard Time (EST) seven days a week.
For other possible Palo Pinto County, Texas disaster assistance resources, or to apply for assistance from FEMA, visit the official FEMA website.
Palo Pinto County SBA EIDL Loan Relief vs. FEMA Assistance Facts for Texas
For Palo Pinto County businesses in Texas, an SBA EIDL loan holds many benefits for recovering from the Eastland Complex Fire that caused damage to your physical property and economic injury to your business on 3/16/2022 through 3/30/2022.
Will I be referred to the SBA after I apply with FEMA?
Yes it is possible. After you apply for disaster assistance from FEMA, you may be contacted by the SBA. If you are asked to submit an application for a low-interest SBA loan, you are encouraged to do so. Applying with the SBA assures that all available disaster assistance options remain open to you.
Will the SBA application be the basis of referrals to other grant programs?
Yes. Submitting the application makes it possible for you to be considered for additional grants. If you apply for an SBA low-interest disaster loan and are not eligible, this may open the door to additional assistance from FEMA. If SBA denies the loan application, you may be eligible for additional FEMA grant assistance to replace essential household items, replace or repair a damaged vehicle, cover storage expenses, or meet other disaster-related needs your Palo Pinto County, Texas home or business has suffered.
Do I have to accept an SBA loan if I am approved?
No you do not. If the SBA determines you are eligible for a loan, you do not have to accept it. However, if you do qualify for an SBA loan and you choose not to accept it, additional resources may not be available to you for disaster recovery.
Do I have to choose between a FEMA or an SBA EIDL loan?
No. Qualifying for an SBA EIDL loan does not mean you are suddenly ineligible for FEMA assistance. There are several important reasons to complete and submit an SBA application, even if you think you don’t currently need a loan for your Palo Pinto County, Texas home or business. For example, you may discover that you were underinsured for the amount of work required to repair or replace your home. An SBA low-interest disaster loan may bridge the gap between your recovery costs and the settlement amount.
Are SBA EIDL loans only meant for businesses?
No. Due to the Eastland Complex Fire being a natural disaster, the SBA also offers loans for homeowners in Palo Pinto County, Texas up to $200,000 to repair or replace your primary residence. The loans are customized to your personal financial circumstances. On a case-by-case basis, the SBA may be able to assist with the refinance of your current mortgages, in the case of a first mortgage, and / or a second mortgage.
The SBA can also help Palo Pinto County, Texas renters and homeowners replace household contents, for example: clothing, furniture, appliances, and vehicles. This is referred to as personal property. Homeowners and renters are eligible for up to $40,000 (forty thousand dollars) to repair or replace damaged or destroyed personal property caused by Eastland Complex Fire.
Are SBA loans available for businesses and nonprofits of any size?
Yes. Due to the Eastland Complex Fire declared disaster, Palo Pinto County, Texas businesses of all sizes and private nonprofit organizations may borrow up to $2 million (two million dollars) to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size in Palo Pinto County, Texas, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.
Is there a deadline to apply for the Eastland Complex Fire SBA low-interest loan?
Yes. The deadline to file applications for physical damage is 06/27/2022. The deadline to return economic injury applications is 01/27/2023. These deadlines may be slightly different depending on the county and state.
Population of Palo Pinto County in Texas
Palo Pinto County has a population of 28,686 residents (2021 Census figures), which is a change of 1.00% in population from the 2020 Census numbers. The State of Texas has a current total population of 29,527,941. This is a 1.30% change in the number of residents in TX.
The Federal Information Processing System (FIPS) Code for the State of Texas is 48000. The FIPS code for Palo Pinto County, TX is 48363.
Palo Pinto County Official Government Website in Texas
The official website for the Palo Pinto County, TX government can be found here:
Check the Palo Pinto County website for other possible disaster relief options for residents and businesses located in Palo Pinto County, Texas.
Other Texas Counties Affected by the Eastland Complex Fire Disaster
Besides Palo Pinto County, other counties that were affected by Eastland Complex Fire in Texas were:
Texas Primary Counties
Texas Contiguous Counties
Texas Cities Located in Palo Pinto County
Gordon, Graford, Mineral Wells, Mingus, Palo Pinto, Santo, Strawn.
Summary and Conclusion of the Eastland Complex Fire Disaster in Palo Pinto County, TX
To apply for financial assistance and relief due to your Palo Pinto County, Texas business being financially damaged by eastland complex fire on 3/16/2022 through 3/30/2022, there are important SBA deadlines for when you need to submit your new application, increase request, or reconsideration request.
For the Palo Pinto County, Texas Declared Disaster Declaration #17425 and #17426, the loan application filing deadline for physical damage is 06/27/2022. The economic injury disaster loan (EIDL) application filing deadline is 01/27/2023.
Palo Pinto County Professional Disaster Assistance for Your Business in Texas
Was your Palo Pinto County, TX business disrupted by the eastland complex fire incident that occured on 3/16/2022 through 3/30/2022?
We can offer professional assistance to help your business file for a new SBA EIDL loan, an increase request or loan modification, or a reconsideration appeal if you were denied for an SBA EIDL loan for your business that was economically harmed by eastland complex fire in Palo Pinto County under Disaster Number TX-00628 that was declared on 4/27/2022 through Disaster Declaration #17425 and #17426.
Business Owners Located in Palo Pinto County, Texas:
Schedule Your Free Disaster Loan Consultation Call for Help in Financially Recovering from the Eastland Complex Fire That May Have Damaged Your Business in Palo Pinto County, TX.
Cover Image Credit: 123RF.com / Dobrydnev / Disaster Loan Advisors.