The U.S. Small Business Administration has issued a notice of an administrative disaster declaration for Texas due to the Welder Complex Fire, dated March 19, 2025. Affected areas include San Patricio County and several neighboring counties. This notice enables businesses in these areas to apply for disaster loans through the MySBA Loan Portal. Deadlines for loan applications are May 19, 2025, for physical damage and December 19, 2025, for economic injury loans.
Simple Explanation
The U.S. Small Business Administration has announced that because of a big fire called the Welder Complex Fire in Texas, businesses in certain areas can get help by applying for special disaster loans. They have until May 19, 2025, to ask for help with fixing things that got damaged and until December 19, 2025, to ask for help if the fire hurt their business money-wise.