SBA FEDERAL DISASTER LOAN DEADLINE APPROACHING
U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded Texas small businesses of the Aug. 16, 2023, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms and tornadoes on Nov. 4, 2022.
These low-interest federal disaster loans are available in Bowie, Camp, Cass, Delta, Fannin, Franklin, Lamar, Marion, Morris, Red River, Titus and Upshur counties in Texas; and Bryan and Choctaw counties in Oklahoma.
According to the SBA, small non-farm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage.
