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Disaster Press Releases

TX 13863-02 Three Weeks Left to Apply for SBA Disaster Loans

SACRAMENTO, Calif. – The U. S. Small Business Administration (SBA) today reminded small, nonfarm businesses in 162 Texas counties and neighboring counties in New Mexico and Oklahoma have until September 15, 2014, to apply for an Economic Injury Disaster Loan (EIDL).  These loans are to offset economic losses because of reduced revenues to farmers and ranchers caused by drought that began November 1, 2013, in the following primary counties, announced Tanya N. Garfield, Director of SBA’s Disaster Field Operations Center - West.

Primary Texas counties:

Andrews

Aransas

Archer

Bailey

Bandera

Baylor

Bee

Bexar

Blanco

Briscoe

Brooks

Brown

Burnet

Cameron

Carson

Castro

Childress

Clay

Cochran

Coke

Coleman

Collingsworth

Concho

Cottle

Crosby

Dallam

Dawson

Deaf Smith

Dickens

Dimmit

Ector

Edwards

Fisher

Floyd

Foard

Frio

Gaines

Garza

Gillespie

Goliad

Hale

Hansford

Hardeman

Hartley

Haskell

Hidalgo

Hockley

Hutchinson

Jack

Jim Hogg

Jim Wells

Jones

Kendall

Kenedy

Kent

Kerr

Kimble

King

Kinney

Knox

La Salle

Lamb

Lampasas

Llano

Lubbock

Lynn

Martin

McCulloch

Medina

Midland

Mills

Mitchell

Moore

Motley

Nolan

Nueces

Ochiltree

Oldham

Palo Pinto

Parmer

Potter

Randall

Real

Refugio

Runnels

San Patricio

San Saba

Scurry

Shackelford

Sherman

Starr

Stephens

Sterling

Stonewall

Swisher

Terrell

Terry

Throckmorton

Tom Green

Travis

Uvalde

Val Verde

Wichita

Wilbarger

Willacy

Yoakum

Young

Zavala

Neighboring Texas counties:

Armstrong

Atascosa

Bastrop

Bell

Borden

Brewster

Caldwell

Calhoun

Callahan

Comal

Comanche

Coryell

Crane

Crockett

DeWitt

Donley

Duval

Eastland

Erath

Glasscock

Gray

Guadalupe

Hall

Hamilton

Hays

Hood

Howard

Irion

Karnes

Kleberg

Lipscomb

Live Oak

Mason

Maverick

McMullen

Menard

Montague

Parker

Pecos

Reagan

Roberts

Schleicher

Sutton

Taylor

Upton

Victoria

Ward

Webb

Wheeler

Williamson

Wilson

Winkler

Wise

Zapata

Neighboring New Mexico counties:

Curry

Lea

Quay

Roosevelt

Union

Neighboring Oklahoma counties:

Beaver

Beckham

Cimarron

Cotton

Harmon

Jackson

Jefferson

Texas

Tillman

 

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.

Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

“Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage.  These loans have an interest rate of 4% for businesses and 2.625% for private, nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private, nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance.  Agricultural enterprises should contact the Farm Services Agency (FSA) about the U. S. Department of Agriculture (USDA) assistance made available by the Secretary’s declaration. However, in drought disasters nurseries are eligible for SBA disaster assistance.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.

For owners of these impacted small businesses, disaster loan information and application forms are also available from SBA’s Customer Service Center by calling toll-free at (800) 659-2955 or e-mailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster.

The deadline to apply for these loans is September 15, 2014.

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841

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Release Number: 
TX 13863-02
Release Date: 
Tuesday, August 26, 2014
Contact: 
Richard Jenkins (916) 735-1500
Related State: 
Texas
Field Operations Center: 
West