A U.S. Small Business Administration official described federal disaster loan options for Taylor residents and businesses on Oct. 9 and urged affected people to apply even if insurance claims are pending.

Romal Javero, public information officer with the SBA Office of Disaster Recovery and Resilience, said homeowners can borrow up to $500,000 to repair or rebuild their primary residence to pre‑disaster conditions; Javero stated interest rates for that category can be “as low as 2.81%.” Homeowners and renters may borrow up to $100,000 to repair or replace personal property, Javero said, and quoted fixed rates “as low as 2.56%” for those loans. Javero said the loans may be made to businesses of all sizes and to private nonprofit organizations, with a maximum of $2,000,000 for real-estate and equipment losses.

Javero also said the SBA offers Economic Injury Disaster Loans (EIDL) for businesses that suffered economic injury; those loans can also be for up to $2,000,000, he said, and he referenced a 3.625% figure for private nonprofit organizations in the presentation.

Javero emphasized applicants do not have to wait for insurance settlements to apply and that approval does not obligate them to accept the loan. He said payments and interest may be deferred for the first 12 months. He provided application deadlines the council can share: the deadline to apply for physical-damage loans originally was Sept. 28, but a 60‑day grace period extends that deadline to Nov. 27; the deadline to apply for economic‑injury assistance is April 6, 2026. Javero directed interested residents and businesses to sba.gov/disaster for more information.

The council accepted the information to share with residents and thanked the SBA representative for providing application details and deadlines.