The U.S. Small Business Administration has issued an administrative disaster declaration for parts of Texas in response to Hurricane Laura, which occurred from August 23 to August 27, 2020. This allows individuals in the affected areas, including Newton, Orange, and Sabine counties, as well as neighboring counties, to apply for disaster loans. Applications for physical damage loans must be submitted by April 9, 2021, while those for economic injury loans have a deadline of November 8, 2021. Loans can be processed through the SBA's Processing and Disbursement Center in Fort Worth, Texas.
Simple Explanation
The U.S. Small Business Administration has announced that people in certain parts of Texas affected by Hurricane Laura can ask for special help, like loans, to fix things or keep their businesses going. They have to ask for this help by certain dates in 2021.