Small businesses and private nonprofits in Collin County have four weeks left to apply for federal economic injury disaster loans tied to the excessive rain that fell from March 21 through July 8, 2025.
The U.S. Small Business Administration's declaration, numbered TX-20069, lists Collin, Grayson and Hunt as the primary counties. Applications are due Nov. 19.
The declaration also lists neighboring counties: Cooke, Dallas, Delta, Denton, Fannin, Hopkins, Kaufman, Rains, Rockwall and Van Zandt in Texas, and Bryan, Love and Marshall in Oklahoma. The City of Richardson, which sits in both Collin and Dallas counties, said in a reminder posted Thursday that businesses in both counties are eligible.
Who can borrow
The loans are for working capital, not repairs. The SBA says they can be used to pay fixed debts, payroll, accounts payable and other bills a business or nonprofit could not pay because of the disaster, and that applicants qualify even if they had no physical damage.
Eligible borrowers include small businesses, small agricultural cooperatives, nurseries and private nonprofits, including faith-based groups, with financial losses directly related to the weather. The agency says it cannot lend to farmers, ranchers or other agricultural producers under this program, with the exception of small aquaculture businesses.
