TX Gov Abbott signs new law to help business with disasters [Video]

Texas small business now have an extra source of help following a natural disaster.

Governor Abbott has announced the Texas Micro-Business Disaster Recovery, or MBDR, Loan Program, to facilitate loans to Texas micro-businesses affected by declared local, state, or federal disasters.

A micro business has less than 20 employees. Up to $5 million in total funding for this program is available through August of next year. Micro-business owners are encouraged to apply now to help prepare for any potential hardship.

More info on the Texas MBDR Loan Program can be found at mbdr-dot-gov-dot-texas-dot-gov.

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