Administrative Declaration of an Economic Injury Disaster for the State of Texas
Published Date: 1/17/2025
Notice
Summary
Texas businesses and small farms in Webb and nearby counties hit by an E. coli water problem can now apply for special low-interest disaster loans to help recover. These loans, with rates as low as 3.25%, are available until October 14, 2025, giving affected folks plenty of time to get financial help. This boost aims to ease the economic pain from the water crisis that lasted from October 10 to 21, 2024.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Disaster Loans for Texas Businesses
If you run a small business or small agricultural cooperative in Webb County or the listed contiguous Texas counties, you can apply for an Economic Injury Disaster Loan (EIDL) related to the October 10–21, 2024 E. coli water incident. Businesses and small agricultural cooperatives without credit available elsewhere may get loans at a 4.000% interest rate; applications are available through the MySBA Loan Portal and are due by October 14, 2025.
Low-Interest Loans for Nonprofits
Non-profit organizations in Webb County and the listed contiguous Texas counties affected by the October 10–21, 2024 E. coli water incident may apply for Economic Injury Disaster Loans. Non-profits without credit available elsewhere may be eligible for loans at a 3.250% interest rate; apply through the MySBA Loan Portal by October 14, 2025.
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