2025-05079NoticeWallet

Texas Welder Fire gets SBA disaster loans: Apply before May

Published Date: 3/26/2025

Notice

Summary

Texas got hit hard by the Welder Complex Fire from March 4-9, 2025, affecting San Patricio and nearby counties. The government declared it a disaster, opening the door for low-interest loans to help homeowners, businesses, and nonprofits recover. You’ve got until May 19, 2025, to apply for physical damage loans and until December 19, 2025, for economic injury loans—so don’t wait!

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Low‑Interest Physical Repair Loans for Homeowners

If you own a home in San Patricio County or the contiguous counties (Aransas, Bee, Jim Wells, Live Oak, Nueces, Refugio), you can apply for SBA physical disaster loans for damage from the Welder Complex Fire. Homeowner loan interest rates are 5.500% if you have credit available elsewhere and 2.750% if you do not. You must apply by May 19, 2025 via the MySBA Loan Portal.

Physical Damage Loans for Businesses and Nonprofits

Businesses and nonprofit organizations in San Patricio County and the listed contiguous counties may apply for SBA physical disaster loans for damage from the Welder Complex Fire. Interest rates listed are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit; non‑profit organizations have a 3.625% rate. The physical loan application deadline is May 19, 2025; apply at the MySBA Loan Portal.

Economic Injury (EIDL) Loans for Texas Businesses and Co‑ops

The State of Texas received an Economic Injury Disaster Loan (EIDL) declaration. Businesses and small agricultural cooperatives without credit available elsewhere can apply for EIDL at 4.000%, and nonprofit organizations without credit available elsewhere can apply at 3.625%. The EIDL application deadline is December 19, 2025; apply via the MySBA Loan Portal.

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Key Dates

Effective Date
Published Date
3/19/2025
3/26/2025

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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