In response to an amended Presidential public assistance declaration, the U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans for private nonprofit organizations (PNP) in Texas counties affected by severe storms, straight-line winds, and flooding from July 2-18.
The loans are available in the Texas counties of Burnet, Coke, Concho, Hamilton, Kendall, Kerr, Kimble, Llano, Mason, McCulloch, Menard, San Saba, Tom Green, Travis and Williamson.
Applicants may qualify for a loan amount increase of up to 20% of their physical damage as verified by the SBA for mitigation purposes. Eligible improvements include insulating pipes and walls and installing storm windows to protect against future disasters.
“SBA loans help eligible private nonprofits cover both physical damage as well as economic injury after a disaster, which is crucial for their recovery,” said Chris Stallings from the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help private nonprofits get back on their feet but help them rebuild.”
PNPs can also apply for Economic Injury Disaster Loans (EIDLs) to meet working capital needs such as paying fixed debts or payroll. This assistance is available regardless of whether there was any physical property damage.
Loan amounts can reach up to $2 million with interest rates starting at 3.625% for terms up to 30 years. Interest does not begin accruing until 12 months after the first disbursement. Loan amounts and terms will be based on each applicant’s financial condition.
The SBA urges applicants to submit applications promptly as they will be prioritized by order received.
Applications can be submitted online at sba.gov/disaster or through SBA’s Customer Service Center at (800) 659-2955. For those who are deaf or hard of hearing dial 7-1-1 for telecommunications relay services.
Deadlines are Sept. 4, 2025 for physical property damage applications and April 6, 2026 for economic injury applications.