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SBA outlines disaster-loan options for residents and businesses
Summary
A Small Business Administration official briefed the council on disaster-loan programs for residents and businesses affected during the July disaster window covering Travis, Williamson and Burnett counties, detailing loan limits, sample interest rates and application deadlines.
Grama Gebaro, public information officer for the U.S. Small Business Administration Office of Disaster Recovery and Resilience, told the council the SBA offers low-interest disaster loans to homeowners, renters, businesses and nonprofits affected by the July event affecting Travis, Williamson and Burnett counties.
"Homeowners may borrow up to $500,000 to repair or replace their primary residence," Gebaro said, and she listed other program limits and sample interest rates for different borrower types. She said homeowners and renters could borrow up to $100,000 for personal property, businesses and private nonprofits up to $2,000,000 for real estate or working capital, and economic injury loan rates were listed in the presentation.
Gebaro emphasized application timing: the deadline to apply for a physical-damage loan was listed as Sept. 28 with a 60-day grace period to Nov. 27; the economic-injury loan deadline was noted as April 6, 2026. "We highly encourage those who are affected to submit an application," she said, and added that applicants do not have to wait for an insurance settlement and have a 12-month deferral on payments and interest initially.
The presenter offered to follow up by email and encouraged the city to post application links and guidance on its website so residents and local businesses could access assistance details and the SBA contact page for disasters.
