The U.S. Small Business Administration has announced a presidential declaration of a major disaster in Texas due to severe winter storms that began on February 11, 2021. This declaration, issued on February 19, 2021, allows affected individuals and businesses in certain counties to apply for disaster loans. The deadline for physical damage loan applications is April 20, 2021, while the deadline for economic injury loan applications is November 19, 2021. Affected areas include numerous counties within Texas, including those eligible for both physical damage and economic injury loans, and contiguous areas in Texas, Louisiana, and Oklahoma eligible for economic injury loans.
Simple Explanation
The president said that Texas had a big problem with really cold weather, which started on February 11, 2021, so people and businesses there can ask for help through special loans to fix damage or keep their businesses running. They have to apply by April 20, 2021, for fixing things and by November 19, 2021, for business help.