SBA Disaster Loans Available for Concho Valley Businesses Affected by Drought

SAN ANGELO, TX -- Small businesses and private nonprofits in the Concho Valley can apply for low-interest federal disaster loans to cover losses from drought that began Oct. 6 and is continuing, the U.S. Small Business Administration announced Wednesday. 

Eligible entities in Tom Green County and surrounding counties, including Concho, Coke, Runnels, Irion, Schleicher, and Sterling, may apply for Economic Injury Disaster Loans. The loans provide working capital for operational expenses caused by the drought. Additional eligible counties are Coleman, Crane, Crockett, Menard, Mitchell, Nolan, Pecos, Reagan, Sutton, Taylor, Terrell, Upton and Val Verde. 

Small businesses, private nonprofits and faith-based organizations, small agricultural cooperatives and nurseries, and small aquaculture enterprises are eligible. Loans can reach up to $2 million, with interest rates as low as 4% for small businesses and 3.625% for private nonprofits. Terms extend up to 30 years, and no interest or principal payments are required during the first 12 months after disbursement. 

Applications are due by June 21, 2027. Businesses and organizations can apply online at sba.gov/disaster.

The SBA National Support Network Center can be reached at (866) SBA-HELP or [email protected]. 

People who are deaf, hard of hearing, or have a speech disability may dial 7-1-1 for telecommunications relay services.