SBA approves over $1M in disaster loans after Watson Grinding explosion

The U.S. Small Business Administration has approved over $1 million in home loans to residents impacted by the explosion at Watson Grinding and Manufacturing Co.’s northwest Houston facility.

The SBA’s Office of Disaster Assistance has approved 18 home loans totaling nearly $1.12 million as of March 3, Kevin Wynne, public information officer for SBA Office of Disaster Assistance, told the Houston Business Journal. On Feb. 13, the SBA established a Disaster Loan Outreach Center at the Brenda and…