The U.S. Small Business Administration issued a disaster declaration in Dallas and surrounding counties as a result of severe storms and flooding in August.
. Now North Texas businesses impacted by the storms on Aug. 22 through Aug. 25 can apply for low-interest loans to help with recovery.
For businesses and nonprofits, there are two options. One loan covers property damage the other covers economic injury and the maximum is $2 million dollars. "They can recover their losses with this working capital loan so that's the reason why we're accommodating that, because if your business was closed during that time period or anything that suffered they can get that," said Barbara Nitis with the SBA's Office of Disaster Assistance.Download NBC 5 Dallas-Fort Worth
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