Local nonprofits eligible for SBA disaster loans
The Kingsland Slab has been mostly impassable since July 5 due to continuous flooding of the Llano River. Staff photo by Dakota Morrissiey
Private nonprofit organizations in Burnet and Llano counties impacted by the Fourth of July weekend flood are eligible for low-interest federal disaster loans from the U.S. Small Business Administration, the SBA announced in a July 17 media release.
Nonprofits in all counties affected by the severe storms, straight-line winds, and flooding that began July 2 may apply. Along with Burnet and Llano counties, that includes Coke, Concho, Kerr, Kendall, Kimble, Mason, McCulloch, Menard, San Saba, Tom Green, and Williamson counties.
Applicants may be eligible for a loan amount increase of up to 20 percent of the physical damage, verified by the SBA, for mitigation purposes, according to the media release. Eligible mitigation improvements could include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future damage caused by any disaster.
The deadline to return applications for physical property damage is Sept. 4, 2025. The deadline to return economic injury applications is April 6, 2026.
“One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA, in the release. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”
The loan amount for private nonprofits can be up to $2 million with interest rates as low as 3.625 percent and terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To apply online, visit sba.gov/disaster. Applicants may also call the SBA’s Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information on disaster assistance. Those who are deaf, hard of hearing, or have a speech disability may dial 7-1-1 to access telecommunications relay services.