Federal drought disaster loans of up to $2 million are open to Puerto Rico businesses, DDEC Business Strategy Director Jose Luis Rivera Rivera announced on Tuesday, Oct. 27.^[1] Approved loans may carry repayment terms of up to 30 years, and the application deadline is 7 July 2027.^[2][3] Businesses located in the listed drought-affected municipalities can get in-person SBA loan assistance, no appointment required, at the DDEC CUS location, where guidance runs through 13 November 2026.^[4][5][6][7] The loans arrive in the middle of a deep drought: Extreme Drought (D3) persists across southern Puerto Rico's plains, farmers in the south and interior have reported agricultural losses, and water rationing was imposed for much of the San Juan metro area in August 2026.^[8][9][10] One caution belongs on the record: federal aid to Puerto Rico is not permanent.^[11] That makes the terms a business signs now worth reading closely.