The U.S. Small Business Administration has issued a notice about a disaster declaration for Texas, resulting from severe storms, tornadoes, and straight-line winds. This declaration, dated January 16, 2025, enables those affected in certain Texas counties to apply for disaster loans. Applications for physical damage loans are due by March 17, 2025, while economic injury loan applications are due by October 16, 2025. Interested applicants can apply online through the MySBA Loan Portal or contact the customer service center for assistance.
Simple Explanation
The government announced that people in Texas affected by big storms and tornadoes can ask for help to fix their homes or businesses by March 17, 2025, and for financial assistance by October 16, 2025. They can apply online, but details like how much money is available or what exactly they need to apply are not clearly explained.