Governor Abbott Announces $5 Million In Micro-Business Disaster Recovery Loans Following Texas Flooding

Governor Greg Abbott today announced up to $5 million in funding is available through the Texas Micro-Business Disaster Recovery (MBDR) Loan Program to facilitate loans from Community Development Financial Institutions (CDFIs) to micro-businesses in communities impacted by the recent catastrophic flooding where a local, state, or federal disaster has been declared.

“The State of Texas continues to deploy all available resources and support to help Texas families and businesses devastated by recent flooding to recover and rebuild,” said Governor Abbott. “I invite all community development financial institutions to immediately apply to participate in our Texas Micro-Business Disaster Recovery Loan Program to help provide loans to qualifying micro-businesses as they work to rebuild after the tragic floods. We will help every impacted community and business until the job is done.”

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