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Author: 
Ginger Watkins

Disaster Assistance Loans & Resources for Small Business - COVID-19

The Small Business Administration disaster assistance loan is available for Texas small businesses.  The loans can be accessed directly through the SBA.gov or you may contact the Brazos Valley SBDC for assistance by emailing Jim Pillans, Director of the Brazos Valley SBDC.  

SBA Disaster Assistance Loans

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay

Learn more about the SBA COVID-19 Disaster Assistance loans.

The SBA's COVID-19 website also offers guidance for businesses on responding to COVID-19 such as: