Federal disaster loans available after West blast

Posted at 8:03 AM, May 03, 2013
and last updated 2013-05-03 09:04:48-04

WEST, Texas (AP) - Federal low-interest loans are available for people in several Central Texas counties affected by the deadly West fertilizer plant explosion.

The Small Business Administration funds are for residents of McLennan County, plus neighboring Bell, Bosque (BAHS'-kee), Coryell, Falls, Hill and Limestone counties. The April 17 blast that leveled the West Fertilizer Co. facility killed 14 people and left about 200 hurt.

SBA officials on Thursday announced the long-term loans in response to a request from Gov. Rick Perry.

Disaster loans up to $200,000 are available to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace personal property.

Businesses may borrow up to $2 million to repair or replace real estate, machinery and equipment, inventory and other assets.



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