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SBA outlines low-interest disaster loans available to businesses and nonprofits after Central Texas flooding
Summary
An SBA public information officer told the Comal County Commissioners Court that the agency is offering Economic Injury Disaster Loans to businesses and nonprofits in counties contiguous to a presidential disaster declaration for July flooding.
Anna Nunez, public information officer for the U.S. Small Business Administration’s Office of Disaster Recovery and Resilience, briefed the Comal County Commissioners Court on Sept. 11 about SBA disaster assistance available to communities affected by July 2025 storms and flooding.
Nunez said the SBA announced the availability of low-interest disaster loans for damage and economic injury resulting from severe storms, straight-line winds, tornadoes and flooding that occurred July 2–18, 2025; Comal County was designated a contiguous county in presidential disaster declaration 21174. She described Economic Injury Disaster Loans (EIDL) as working-capital loans to help small businesses and eligible private nonprofits recover from financial losses even when physical damage has not occurred.
Key program details cited in the presentation included a maximum business loan amount of $2,000,000; interest rates noted in the presentation were 4% for businesses and 3.625% for private nonprofits; flexible terms of up to 30 years; no collateral required for loans up to $50,000; an initial payment deferral for 12 months; and that applicants have up to 60 days to decide whether to accept an approved loan. Nunez said SBA disaster loans are direct loans from the federal government and are available before insurance settlements; she encouraged county officials to help disseminate application information via county channels.
Nunez encouraged affected businesses and nonprofits to apply via sba.gov/disaster. (A phone contact number was provided during the presentation as read into the record.) She also offered to work with county staff to target outreach to impacted businesses and nonprofit organizations.
The presentation was informational; the court did not take any formal action on SBA matters during the meeting. The SBA representative thanked county staff (including County Administrator Thomas Hornseth) for coordinating the presentation.
The county’s designation as a contiguous county under declaration 21174 makes local small businesses and nonprofits eligible for the EIDL program described; details and eligibility requirements are available on the SBA disaster assistance website and via the SBA regional office.
