On Jun. 24, SBA made disaster aid available to Texas businesses.
SBA made economic injury disaster loans (EIDLs) available to Texas small businesses.
Loans offset economic damages resulting from drought that began on Apr. 16, 2024.
Eligibility
Primary county designated for disaster aid is Zavala with neighboring counties of Dimmit, Frio, Kinney, Maverick, Medina and Uvalde also eligible for EIDLs from SBA.
In addition, small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs of up to $2 million.
EIDLs are intended to help meet financial obligations and operating expenses which could have been met by the victims had the drought disaster not occurred.
Eligibility is based on financial impact of disaster only and not on actual damage.
Application Deadline
SBA noted that applications for EIDLs must be submitted to SBA by Feb. 18, 2025.