FOR IMMEDIATE RELEASE 03/19/2020
Governor Greg Abbott the U.S. Small Business Administration to Declare an Emergency Declaration and Provide SBA Economic Injury Disaster Loans
(Austin, TX) - Governor Greg Abbott has requested designation from the Small Business Administration (SBA) Economic Injury Disaster Declaration in order to access the Economic Injury Disaster Loan (EIDL) program for the entire state.
All Texas counties are experiencing significant impact as a result of the rapid spread of the Coronavirus (COVID-19). Many small business owners are voluntarily prioritizing the health of their fellow Texans across the state in an effort to help reduce the spread of COVID-19. These small business men and women in our communities are providing their employees paid sick time, maintaining payrolls even as they have rearranged their business models, or even closed their doors in the interest of community health and safety. The economic impact of event cancellations, lack of customers, and client cancellations have led to significant economic losses for these small business men and women, who have poured their entire life savings into starting and growing their businesses. Governor Abbott noted that many small business men and women, along with their dedicated employees, in our state are suffering substantial economic injury as a result of the disaster and are in need of financial assistance not otherwise available on reasonable terms.
"I thank the Governor for urging the SBA to release these much needed loans to our small Texas businesses in order to keep our fellow Texans employed and communities local prosperity vibrant. Without this help, not only are these businesses in danger of permanent closures but it would result in many Texas families without gainful employment," said State Representative James White. "We must insure that we take care of our fellow Texans in this time of need."
If you have any questions regarding this release, please contact State Representative James White's office at (512) 463-0490 or (409) 283-3700.