The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Texas small businesses suffering substantial economic injury as a result of the coronavirus (COVID-19), SBA Administrator Jovita Carranza announced last week.
A news release from the administration said it acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the president, to declare a disaster following a request received from Texas Gov. Greg Abbott on March 17.
The disaster declaration makes SBA assistance available in the entire state of Texas and several counties and parishes in ...