The U.S. Small Business Administration is reminding eligible small businesses and private nonprofit organizations that were impacted by the excessive rain occurring March 21-July 8, 2025, to apply for low-interest federal economic injury disaster loans before the Nov. 19 deadline.
Businesses and nonprofits in both Collin and Dallas counties are eligible for the Economic Injury Disaster Loans, which provide working capital assistance for operational expenses caused by the disaster. Loans are available for small businesses, private nonprofits, faith-based organizations, small agricultural cooperatives and small aquaculture enterprises.
Key Loan Details
- Up to $2 million in loan funding
- Interest rates as low as 4 percent for small businesses and 3.625 percent for private nonprofit organizations
- Loan terms of up to 30 years
- No interest or required payments during the first 12 months following disbursement
Applicants may call the SBA National Support Network Center with questions regarding their application at 866-SBA-HELP (1-866-722-4357) or e-mail disastercustomerservice@sba.gov. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
