Hurrican Beryl Disaster Relief Loans from SBA

SBA has declared Hurricane Beryl a natural disaster eligible for loan relief in the Texas counties of Brazoria, Chambers, Galveston, Harris, Jackson, Jasper, Jefferson, Liberty, Matagorda, Montgomery, Orange, Polk, San Jacinto, Walker & Wharton.

Contiguous Texas counties of Angelina, Austin, Calhoun, Colorado, Fort Bend, Grimes, Hardin, Houston, Lavaca, Madison, Newton, Sabine, San Augustine, Trinity, Tyler, Victoria & Waller and contiguous Louisiana parishes of Calcasieu & Cameron are also eligible but only for economic injury disaster loans.

What Types of Disaster Loans are Available?

• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.

• Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

• Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

More information, including credit requirements, interest rates, and loan terms may be found in SBA's Fact Sheet downloadable through the link below:

Hurrican Beryl Disaster Declaration Fact Sheet.

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