SBA Makes TX Disaster Aid Available


On Mar. 28, SBA made disaster aid available to TX small businesses.


  • SBA made Economic injury disaster loans (EIDLs) available to Texas small businesses.
  • Loans offset economic losses caused by drought that began on Nov. 1, 2023.
  • Eligibility
  • Small nonfarm businesses in 165 TX counties, neighboring parishes in LOU and neighboring counties in NM and OKLA are now eligible for llow-interest disaster loans.
  • EIDLs are intended to offset economic losses due to reduced revenues caused by drought in the following primary Texas counties that began Nov. 1, 2023.
  • 165 primary, neighboring counties in Texas are eligible as listed in SBA press release.
  • Additionally, neighboring counties in LOU of Beauregard, Caddo, Calcasieu, Cameron, DeSoto, Sabine, Vernon; NM Curry, Doña Ana, Eddy, Lea, Otero, Quay; Roosevelt.
  • Also Oklahoma counties of Cotton, Harmon, Jackson, Jefferson, Love and Marshall.
  • Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs up to $2 million.
  • These EIDLs are intended to help meet financial obligations and operating expenses which could have been met by the loan applicant had the disaster not occurred.
  • Eligibility for loans is based on financial impact of disaster and not on actual damage.
  • Deadline
  • Completed applications for EIDLs must be submitted to SBA by Nov. 25, 2024.

Regulators SBA
Entity Types Corp
Reference PR TX 20256-01, 3/28/2024
Functions BCS; Compliance; Financial; Legal; Operations; Reporting
Countries United States of America
Category
State
Products Corporate; Loan
Regions Am
Rule Type Final
Rule Date 3/28/2024
Effective Date 11/25/2024
Rule Id 206722
Linked to N/A
Reg. Last Update 3/28/2024
Report Section US Investment

Last substantive update on 04/04/2024