SBA Disaster Assistance

Governor Abbott is expected to receive a statewide disaster designation from the SBA by the close of business today (March 17th).  It is expected that by Friday (March 20th) Texas companies can apply directly to the SBA for a Coronavirus disaster loan (EIDL Loan Program) on this link https://www.sba.gov/funding-programs/disaster-assistance . The SBA says that applicants can expect a turnaround time for a decision to be 3 weeks, assuming their application is complete.

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