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SBA says homeowners, renters and businesses in Kendall County now eligible for disaster loans after July flooding
Summary
An SBA official told the Fair Oaks Ranch council the agency amended the disaster declaration for Kendall County, making homeowners, renters, nonprofits and businesses eligible for physical‑damage and economic‑injury loans; application deadlines and loan limits were announced and outreach materials offered to the city.
Gabriel Perales, a public information officer with the U.S. Small Business AdministrationOffice of Disaster Recovery and Resilience, told the Fair Oaks Ranch City Council on Nov. 20 that an amended federal declaration has changed Kendall Countyfrom a contiguous designation to a primary county, expanding SBA assistance to homeowners, renters and nonprofits affected by the July 2–18 flooding.
Perales said homeowners can apply for physical‑damage loans up to $500,000 at interest rates “as low as 2.81%” with terms up to 30 years and no payments or interest for the first year. He said personal‑property assistance for homeowners and renters — covering clothing, furniture and vehicles lost to the disaster — can reach up to $100,000 under the same initial terms. For small businesses he said both physical‑damage loans and economic‑injury loans remain available, each up to $2,000,000 at interest rates “as low as 4%” with comparable terms.
Perales asked the city to help disseminate information and offered to provide flyers and digital materials. He said in‑person disaster recovery centers had closed the night before and that applicants now must apply online at sba.gov/disaster or by calling the SBA disaster hotline he provided. He also noted extended filing deadlines: the physical‑damage filing deadline was extended to Jan. 13, 2026, and the economic‑injury deadline is June 15, 2026.
Why it matters: The change in designation expands access to federal low‑interest loans for residents and small businesses that said they were affected by July flooding. Perales urged city staff to make outreach materials available so affected households and enterprises can apply within the updated deadlines.
The city did not take any formal action on the presentation. Perales left flyers and offered follow‑up contact information to coordinate dissemination of the SBA resources.
