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News Release: Update: Governor Greg Abbott's Small Business Disaster Loan Declaration Request

Update: Governor Greg Abbott's Small Business Disaster Loan Declaration Request

Dear Texas Economic Development Partner,
Based on your support in gathering documentation of economic injury to Texas small businesses, on March 17, 2020, Governor Greg Abbott requested the Economic Injury Disaster Declaration for all Texas counties through the U.S. Small Business Administration (SBA). The SBA has now announced that any Economic Injury Disaster Loan (EIDL) assistance declaration issued by the SBA will make loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). It is expected that the SBA will have a declaration decision within the next few days with the ability to accept loan applications shortly after. Please continue to check our website here for updates on the status of the SBA's disaster declaration.
Important information for affected businesses: If a declaration is granted, all small businesses who believe they may be eligible for an SBA EIDL should visit the Texas Division of Emergency Management (TDEM) website at https://tdem.texas.gov/covid-19/. They will be directed to the SBA website where they can apply for assistance once the disaster declaration is granted. It is expected that the declaration will be granted and applications available by Friday, March 20, 2020. According to the SBA, applicants can expect a turnaround time for a disaster loan decision to be three weeks, assuming their application is complete.  
To see the Governor’s full press release and letter to the SBA, click here.
We appreciate your assistance in encouraging small businesses in your area to respond to the request for information and helping Texas to qualify for this declaration. Please continue to provide your area small businesses with this updated information.
Please don’t hesitate to contact our office if we can provide any additional information.
Thank you for all that you do on behalf of Texas!
-Office of the Governor, Economic Development Team

For more information on SBA EIDL assistance, please see the SBA Economic Injury Loan Program Declaration Process Overview. Should you have any questions regarding this process, please contact your local emergency management office, your TDEM District Coordinator for your area, or email the TDEMPARecovery@tdem.texas.gov.
For additional information on Texas’ response to COVID-19, visit gov.texas.gov/coronavirus, and for business-related resources, visit gov.texas.gov/business/page/coronavirus.