On Sep. 3, SBA offered disaster loans to Texas small businesses.
SBA reported availability of disaster assistance to Texas small businesses following economic losses that occurred as a result of the drought that began on Aug 20, 2024.
US Secretary of Agriculture designated an agricultural disaster on Aug. 26, 2024.
Eligibility
Aid is available in Texas primary county of Ward and neighboring counties of Crane, Ector, Loving, Pecos, Reeves and Winkler, which were similarly affected by the drought.
Small non-farm businesses, agricultural cooperatives, businesses engaged in aquaculture may qualify for Economic Injury Disaster Loans (EIDL) of up to $2mn.
Also eligible for the loans are most private nonprofit organizations of any size.
To help meet expenses that could have been met if the disaster had not occurred.
Eligibility based on financial impact of disaster only and not on actual property damage
Application Deadlines
The deadline for Economic Injury Disaster Loan applications is Apr. 28, 2025.
