SBA Texas Drought Economic Injury

Updated on: Sep 16, 2024

Latest Event


  • Sep. 2024 SBA Small Non-Farm Businesses
  • On Sep. 10, 2024, SBA made EIDLS available to small nonfarm businesses in twelve TX counties and neighboring counties in Oklahoma due to drought that began Jul. 9.
  • Primary counties are Crane and Wilbarger, with neighboring TX counties of Archer, Baylor, Crockett, Ector, Foard, Hardeman, Pecos, Upton, Ward and Wichita.
  • Declaration also includes the neighboring Oklahoma counties of Jackson and Tillman.
  • Completed applications for these EIDLs must be submitted to SBA by May 5, 2025.

On Jul. 24, SBA made economic injury aid available to TX small firms.

  • SBA made economic injury disaster loans (EIDLs) available to Texas small businesses.
  • Loans seek to offset economic losses due to drought that began on Jul. 9, 2024.
  • Affected Counties
  • Primary counties include Irion, Schleicher and Tom Green; neighboring counties include Coke, Concho, Crockett, Kimble, Menard, Reagan, Runnels, Sterling, Sutton.
  • Eligibility
  • Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify.
  • Loans of up to $2 million are available to help businesses meet financial obligations and operating expenses which could have been met had the disaster not occurred.
  • Businesses primarily engaged in farming/ranching are not eligible for SBA disaster aid.
  • Deadline
  • The deadline to apply for economic injury disaster loans is Mar. 17, 2025.
  • Sep. 2024 SBA Small Non-Farm Businesses
  • On Sep. 10, 2024, SBA made EIDLS available to small nonfarm businesses in twelve TX counties and neighboring counties in Oklahoma due to drought that began Jul. 9.
  • Primary counties are Crane and Wilbarger, with neighboring TX counties of Archer, Baylor, Crockett, Ector, Foard, Hardeman, Pecos, Upton, Ward and Wichita.
  • Declaration also includes the neighboring Oklahoma counties of Jackson and Tillman.
  • Completed applications for these EIDLs must be submitted to SBA by May 5, 2025.
Regulators
SBA
Entity Types
Corp
Reference
PR TX 20623-01, 9/10/2024; PR TX 20493-01, 7/24/2024
Functions
BCS; Financial; Operations
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Jul 24, 2024
Effective Date
May 5, 2025
Rule ID
220511
Linked to
N/A
Reg. Last Update
Sep 10, 2024
Report Section
US Investment