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Governor Abbott Launches Texas Micro-Business Disaster Recovery Loan Program

Press Release

Date: Oct. 2, 2024
Location: Austin, TX
Issues: National Security Business and Consumers

“Businesses with less than 20 employees make up a vast majority of all businesses in Texas. These micro-businesses are critical drivers of the Texas economy and are often the cornerstones of our communities as they create good-paying jobs for hardworking Texans. They can also be the hardest hit after disaster strikes. The Texas MBDR Loan Program will assist our local businesses in building continued resiliency around declared disasters. Texas' Community Development Financial Institutions are encouraged to apply to participate in the program now to help prepare for any potential declared disaster. Texas will continue to provide the necessary disaster preparation and recovery resources to businesses and communities across the state.”


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