Our hearts go out to everyone affected by the devastating floods in Kerr County and surrounding areas of Texas grappling with the aftermath of this tragedy.
As communities begin the long road to recovery, we’re grateful to see the U.S. Small Business Administration quickly mobilizing disaster relief resources for affected small businesses. The SBA’s Business Physical Disaster Loans and Economic Injury Disaster Loans (EIDL) are lifelines that help small businesses repair damage and maintain operations as recovery and rebuilding begins. These federal programs are essential to economic recovery and demonstrate why robust disaster relief infrastructure matters for Main Street businesses.
Small businesses are the backbone of communities throughout Texas Hill Country, providing jobs, essential services, and the economic foundation that helps towns rebuild. Our CAMEO Network Texas team is working closely with colleagues to connect affected business owners with the resources they need during this critical time.
For small business owners impacted by the flooding:
- Apply for SBA disaster loans to recover from physical and economic injury.
- Connect with local Small Business Development Centers for guidance.
- Reach out to Community Development Financial Institutions (CDFIs) for additional capital options.
- Document all damage with photos and receipts for insurance and loan applications
Stay vigilant: Unfortunately, disasters bring out predatory lenders offering quick cash with hidden fees and exploitative terms. If something seems too good to be true, it probably is. Work with trusted advisors and verified lenders.
The entrepreneurial spirit in Texas is strong, and with the right support, these communities will rebuild. We’re here for the long haul to ensure small businesses have the capital, coaching, and connections they need to recover and thrive.