SBA Disaster Loans Available for Texas Businesses Affected by Cooper Apartment Fire

SBA Newsroom

Published March 17th, 2026

Detected March 18th, 2026

Summary

The U.S. Small Business Administration (SBA) is reminding Texas businesses and private nonprofits affected by the Cooper Apartment Complex Fire that the deadline to apply for low-interest Economic Injury Disaster Loans (EIDL) is April 17, 2026. These loans are available for working capital needs to offset economic losses.

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What changed

The U.S. Small Business Administration (SBA) has issued a reminder regarding the availability of Economic Injury Disaster Loans (EIDL) for small businesses and private nonprofit organizations in Texas impacted by the Cooper Apartment Complex Fire on June 23, 2025. The disaster declaration covers Dallas, Denton, Ellis, Johnson, Parker, Tarrant, and Wise counties. These EIDLs are intended to cover working capital needs and other operating expenses not met due to the disaster, with loan amounts up to $2 million available at interest rates as low as 4% for businesses and 3.625% for nonprofits, with terms up to 30 years.

Affected entities must submit completed loan applications to the SBA no later than April 17, 2026, although a 60-day grace period will follow the deadline for accepting applications. Businesses should review their financial losses and determine eligibility for these low-interest loans to cover essential operating expenses and debts. Failure to apply by the deadline may result in the forfeiture of disaster assistance.

What to do next

Review eligibility for SBA Economic Injury Disaster Loans (EIDL) for businesses and nonprofits affected by the Cooper Apartment Complex Fire.
Submit completed EIDL applications to the SBA by April 17, 2026, or within the subsequent 60-day grace period.

Source document (simplified)

Disaster news release
TX-20056-04

SBA Relief Still Available to Texas Small Businesses and Private Nonprofits Affected by the Cooper Apartment Complex Fire

Deadline to apply for economic injury loans approaching Published on

March 17, 2026

by Office of Disaster Recovery & Resilience WASHINGTON — The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Texas of the April 17 deadline to apply for low interest federal disaster loans to offset economic losses caused by the Cooper Apartment Complex Fire occurring June 23, 2025.

The disaster declaration covers the Texas counties of Dallas, Denton, Ellis, Johnson, Parker, Tarrant and Wise.

Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based organizations impacted by financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs caused by the disaster and are available even if the small business did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

“SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with 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 SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Submit completed loan applications to the SBA no later than April 17. However, after the deadline has passed, there is a 60-day grace period in which SBA will accept applications.

About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

Related programs: Disaster