The Small Business Administration declared Grimes County a disaster area

POSTED: Friday, July 8, 2011 - 5:37pm
UPDATED: Friday, April 13, 2012 - 9:54am

NAVASOTA -- This week the U.S. Small Business Administration declared that Grimes County is a disaster. That means families and business owners affected by the "Dyer Mill" fire can start feeling a bit of financial relief.

The "Dyer Mill" fire started in a barbeque pit but soon destroyed about 30 homes and several small businesses in late June.

Now Grimes County and it's neighboring communities have been declared a disaster area.

Gary Colton, public information officer for the SBA said, "It met that criteria for homes and businesses and therefore we were able to declare it a disaster areas so that way funds, federal funds became available to help people rebuild."

The SBA works with people who live in the affected disaster areas to provide financial assistance. Homeowners can get up to $200,000 to repair or replace real estate. And both homeowners and renters can get up to $40,000 for personal property.

Businesses can get a loan of up to $2,000,000 for damages and any small or non-profit business can get up to $2,000,000 for suffering financial impacts.

"In many cases, they have insurance that covers some of the loss, it may not cover all of it. they'll have deductibles, they'll have other expenses perhaps that aren't covered by insurance so this gives them a way to supplement the insurance and help them rebuild," said Colton.

And the SBA is here to help. Representatives are in Grimes County at High Point Elementary, Monday through Friday until July 21st helping anyone who needs it, apply for loans.
 

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