The U.S. Small Business Administration announced an administrative disaster declaration for Texas following thunderstorms, straight-line winds, and tornadoes. This declaration allows affected businesses and residents in primary and surrounding counties, such as Dallas and Tarrant, to apply for disaster assistance loans. The deadline for physical injury loan applications is May 19, 2025, and for Economic Injury Disaster Loans (EIDL), it is December 19, 2025. Interested individuals can apply online via the MySBA Loan Portal or contact the SBA for more information.
Simple Explanation
The Small Business Administration said that because of a lot of bad weather with thunderstorms, strong winds, and tornadoes in Texas, businesses and people there can ask for special help called loans to fix things. These loans can help them fix damaged stuff or get money to keep their business going.