2026-18777NoticeWallet

Texas Tornadoes Trigger SBA Disaster Loans—Bureaucracy to the Rescue

Published Date: 9/14/2026

Notice

Summary

This is notice of an Administrative declaration of a disaster for the state of Texas dated September 10, 2026. Incident: Severe Storms and Tornadoes.

Analyzed Economic Effects

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

SBA Disaster Loans Open for Affected Texas Areas

After severe storms and tornadoes on August 28, 2026, the SBA declared a disaster for parts of Texas on September 10, 2026. You can apply for physical damage and Economic Injury (EIDL) loans through the MySBA Loan Portal at https://lending.sba.gov; the physical loan application deadline is November 9, 2026 and the EIDL deadline is June 10, 2027.

Physical Damage Loan Interest Rates for Victims

For physical damage loans tied to this disaster (Physical Disaster #21859B), the SBA set interest rates: homeowners with credit available elsewhere 6.000%; homeowners without credit available elsewhere 3.000%; businesses with credit available elsewhere 8.000%; businesses without credit available elsewhere 4.000%; private non-profits (with or without credit available elsewhere) 3.625%.

EIDL Rates for Businesses and Nonprofits

For Economic Injury Disaster Loans (EIDL) tied to this disaster (EIDL #218600), the SBA set rates: businesses and small agricultural cooperatives without credit available elsewhere 4.000%; private non-profit organizations without credit available elsewhere 3.625%.

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Key Dates

Effective Date
Published Date
9/10/2026
9/14/2026

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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