For Texas Businesses: SBA loan application now available

Local News

Texas Gov. Greg Abbott and top of officials announced new state policies to combat the coronavirus at the governor’s office press conference room on Thursday, March 19, 2020, in Austin, Texas. (Ricardo B. Brazziell/Austin American-Statesman via AP)

AUSTIN, Texas – Governor Greg Abbott announced that the U.S. Small Business Administration (SBA) has now granted Texas’ Economic Injury Disaster Loan (EIDL) assistance declaration, making loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).

Next Steps: Small businesses who believe they may be eligible for an SBA EIDL should visit the SBA’s website where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility.

For additional information on Texas business-related COVID-19 resources, including a list of required documentation for the SBA Loan process, visit: gov.texas.gov/business/page/coronavirus.

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