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Local News

SBA Offering Assistance for Residents and Businesses Impacted By March Storms

Image courtesy of City of Irving

The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to homeowners, renters, businesses, and nonprofit organizations in Dallas County affected by the severe thunderstorms, straight-line winds, and tornadoes on March 4, 2025.

To assist applicants, the SBA will open an in-person Disaster Loan Outreach Center (DLOC) at:

Lively Pointe Youth Center, 909 N. O’Connor Road
Opening: March 24 at 1 p.m.
Operating Hours: Monday – Friday, 9 a.m. to 6 p.m. (through approximately April 11)

SBA representatives will be available to answer questions, explain the application process, and provide one-on-one assistance. Walk-ins are welcome, but appointments can be scheduled in advance at appointment.sba.gov.

Loan Details & Deadlines

  • Homeowners may apply for up to $500,000 to repair or replace real estate and up to $100,000 for personal property losses.
  • Renters may apply for loans up to $100,000 for personal property losses, including vehicles.
  • Businesses and nonprofits may apply for loans up to $2 million for physical damage and economic injury.
  • Economic Injury Disaster Loans (EIDLs) are available to small businesses and nonprofits experiencing financial hardship due to the disaster.

How to Apply

Eligible applicants can apply online at MySBA Loan Portal or visit the Disaster Loan Outreach Center in person. For additional assistance, contact SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.

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