SBA TX Drought Relief to Small Business

Published on: Apr 14, 2025

On Apr. 9, SBA offered TX small businesses, nonprofits drought relief.

  • SBA offered relief to Texas small businesses and private nonprofits (PNPs) who sustained economic losses due to the winter drought beginning Jan. 28, 2025.
  • Per declaration, Economic injury disaster loans (EIDLs) are available to small businesses, agricultural cooperatives, nurseries, PNPs with related financial losses.
  • EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any actual physical damage.
  • Application Deadline
  • Completed EDIL loan application must be submitted to the SBA by Dec. 1, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR TX 21037-01, 4/9/2025
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Apr 9, 2025
Effective Date
Dec 1, 2025
Rule ID
250367
Linked to
N/A
Reg. Last Update
Apr 9, 2025
Report Section
US Consumer