Texas Storm Damage Opens the Door to Federal Disaster Loans
Published Date: 11/4/2026
Notice
Summary
Texas got hit hard by storms, tornadoes, and floods between July 7 and August 4, 2026. The President declared it a major disaster on October 30, unlocking special low-interest loans to help homeowners, businesses, and nonprofits recover. If you’re affected, you can apply for physical damage loans by December 30, 2026, and economic injury loans until July 30, 2027.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You can apply for SBA disaster loans
If you live or operate in affected Texas areas, you can apply for SBA disaster loans online at the MySBA Loan Portal (https://lending.sba.gov). Physical damage loan applications must be submitted by December 30, 2026, and Economic Injury Disaster Loan (EIDL) applications must be submitted by July 30, 2027.
Listed interest rates for disaster loans
The notice lists the exact interest rates for SBA disaster loans: Homeowners with credit available elsewhere 5.750%, homeowners without credit 2.875%; businesses with credit available elsewhere 8.000%, businesses without credit 4.000%; private nonprofit organizations (with and without credit available elsewhere) 3.625%. For economic injury loans: businesses and small agricultural cooperatives without credit available elsewhere 4.000% and private nonprofits without credit available elsewhere 3.625%.
Who is eligible where (primary vs contiguous counties)
Primary counties eligible for both physical damage and EIDL loans include Bandera, Bexar, Comal, Crockett, Dimmit, Frio, Gillespie, Kendall, Kerr, Kimble, Kinney, La Salle, Maverick, Medina, Real, Schleicher, Sutton, Uvalde, Val Verde, and Zavala. Contiguous counties listed (Texas: Atascosa, Blanco, Concho, Crane, Duval, Edwards, Guadalupe, Hays, Irion, Llano, Mason, McMullen, Menard, Pecos, Reagan, Terrell, Tom Green, Upton, Webb, Wilson) are eligible for Economic Injury (EIDL) loans only.
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Key Dates
Department and Agencies
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