Steps to protect your business during Hurricane Season in Texas



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Dear Texas Small Businesses, Financial Institutions & Economic Development Partners,

Are you ready? Hurricane Season is here, running June 1 to November 30. Now is the time to ensure our small businesses and entrepreneurs have access to funding when they need it most.

Through Community Development Financial Institutions (CFDIs), the *Texas Micro-Business Disaster Recovery (MBDR) Loan Program [ [link removed] ]* offers crucial financial support to eligible micro-businesses struggling to access capital following local, state or federally declared disasters. 

*➡️ CDFIs:* The Texas MBDR Program is open and accepting applications. Now is the time to apply to participate in the program — before disaster strikes. The Texas MBDR Loan Program has available funding of up to *$5,000,000* through *August 31, 2025*.

*➡️ Micro-Businesses:* If your business with not more than 20 employees is located in an area that has been affected by a local, state or federally declared disaster in Texas, you may qualify for support. We encourage you to explore this program and see how it may benefit your business. 

Take the next steps by contacting a lender on the approved CDFI participant list [ [link removed] ] or by encouraging your preferred CDFI to apply for the program. 

For the latest on disaster declarations in your area, visit the Texas Division of Emergency Management for state disaster declarations [ [link removed] ] and FEMA for federal disaster declarations [ [link removed] ]. You can also check for local disaster declarations (e.g. a declaration by a county judge or mayor) by visiting local government webpages.

Together, we can keep our Texas small businesses strong and prepared. Please help us share this opportunity across your small business networks and as always, do not hesitate to reach out to our team at [email protected] if you have any questions. 

Get Started [ [link removed] ]

*Texas MBDR Loan Program Team
*Texas Economic Development & Tourism Office
Office of the Governor

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Texas Micro-Business Disaster Recovery (MBDR) Loan Program

The Texas MBDR Loan Program was created during the 87th Legislative Session (House Bill 3271) and signed into law on June 18, 2021, by Governor Greg Abbott to facilitate loans from CDFIs to micro-businesses affected by declared disasters.

*Type of Financing*
The Texas MBDR Loan Program provides zero-interest loans to eligible CDFIs for purposes of making interest-bearing loans to qualifying micro-businesses that have difficulty in accessing capital following a declared disaster. All income received on a loan made by a CDFI participating in the program is the property of the financial institution. Income received on a loan includes the payment of interest by a borrower micro-business and the administrative fees assessed by the CDFI.

*Who can Apply?*
Eligible CDFIs can apply to participate in the Texas MBDR Loan Program via the participation agreement, which can be obtained by emailing [email protected]. Once a local, state or federal disaster has been declared in Texas, CDFIs may then apply to enroll loans from micro-businesses that meet the eligibility criteria.

For more information about the Texas MBDR Loan Program and eligibility criteria for CDFIs and micro-business borrowers, as well as the list of approved CDFI participants and FAQs, please visit the program website at the link below. 

Learn More [ [link removed] ]

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The Texas Economic Development & Tourism Office markets Texas as
one of the world's premier business locations and travel destinations.
For more information on doing business in Texas, visit us online at gov.texas.gov/business [ [link removed] ].



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GovDelivery [ [link removed] ], Inc. sending on behalf of the Office of the Governor · P.O. Box 12428 · Austin TX 78711-2428 · 800-843-5789