DISASTER LOANS AVAILABLE FOR MARCH 2025 STORMS

The Small Business Administration – Office of Disaster Recovery and Resilience – is offering disaster assistance in Cameron County due to the Severe Storms and Flooding from March 26 to March 28, 2025.  Attached is a FACT SHEET, RESOURCE PARTNERS INFORMATION AND BUSINESS RECOVERY CENTERS AND DISASTER RECOVERY CENTERS location information.
 
In summary, Disaster Assistance includes:
 
•            Homeowners may be eligible for a disaster loan up to $500,000 for primary residence structural repairs or rebuilding. SBA may also be able to help homeowners and renters with up to $100,000 to replace important personal property, including automobiles damaged or destroyed in the disaster.
•            Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs.

Deadline for Physical Damage applications is July 22, 2025
Deadline for Economic Injury applications is February 23, 2026

Click HERE to apply.