The U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans to Texas businesses, nonprofits and residents who sustained physical damages and economic losses from the March 4, 2025 thunderstorms, straight-line winds and tornadoes. The SBA issued a disaster declaration in response to a request received from Gov. Greg Abbott on March 14. The disaster declaration covers the counties of Collin, Dallas, Denton, Ellis, Kaufman, Rockwall and Tarrant.
Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence. Deadline to apply is May 19.
SBA customer service representatives have set up a Disaster Loan Outreach Center at Lively Pointe Youth Center, 909 N. O’Connor Rd., in Irving and are available Monday-Friday, 9 a.m.-6 p.m. to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application. Walk-ins and appointments are available.
More information/application: www.sba.gov/disaster
