If you have suffered substantial physical damage or economic injury and are located in one of the counties affected by the Severe Storms and Tornadoes that occurred in Texas, you may be eligible for an SBA Business Loan or Economic Injury Disaster Loan (EIDL).
The application filing deadline for Physical Damage is: July 05, 2022, and EIDL February 06, 2023.
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SBA offers low-interest disaster loans to businesses of all sizes, most private nonprofit organizations, homeowners, and renters.
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Businesses may borrow up to $2 million for any combination of property damage or economic injury.
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SBA offers low-interest working capital loans (called Economic Injury Disaster Loans) to small businesses, small businesses engaged in aquaculture, and most private, nonprofit organizations of all sizes having difficulty meeting obligations as a result of the disaster.
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Homeowners may borrow up to $200,000 to repair or replace their primary residence.
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Homeowners and renters may borrow up to $40,000 to replace personal property.
- Interest rates can be low and terms of up to 30 years.
To apply you have three options:
- Customer Centers
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Disaster Loan Outreach Center - Bastrop County Tax Annex, located at 1125 Dildy Drive in Elgin. It will be open beginning Wednesday, May 11. Hours will be Mondays through Friday from 8 a.m. to 4:30 p.m.
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Applicants may apply only at: disasterloanassistance.sba.gov
- Call 1-800-659-2955 for additional information
