Small Business Administration
Federal officials say operators of small nonfarm businesses in 207 Texas counties still recovering from drought can seek low-interest federal disaster loans.
The insurance claims from Superstorm Sandy are pouring in and so are the loan requests. The U.S. Small Business Administration’s Office of Disaster Assistance in Fort Worth is looking to hire more than 100 loan officers.
A former loan broker for Kwik Industries in Dallas has been sentenced to three years in prison and ordered to pay $8.5 million in restitution after pleading guilty last year to one count of conspiracy to commit bank fraud.
In what may be a sign of a recovering economy, a report suggests that loans backed by the Federal Small Business Administration are bouncing back in North Texas.