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Floods

SBA Announces Availability of Low-Interest Federal Disaster Loans for Oregon Small Businesses and Residents Affected by Harney County Flooding

Strategic Insights

— 1 min read

The U.S. Small Business Administration (SBA) has made low-interest federal disaster loans available to Oregon small businesses, private nonprofits, and residents to mitigate physical and economic losses resulting from the Harney County flooding that occurred from March 12 to April 15. The affected counties include Crook, Deschutes, Grant, Harney, Lake, and Malheur in Oregon, as well as Humboldt and Washoe in Nevada. Eligible businesses and nonprofits can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery, and equipment, while homeowners and renters can borrow up to $100,000 to replace or repair personal property.

Key Takeaways:

  • Small businesses and private nonprofits in the affected counties are eligible to apply for business physical disaster loans, which can cover up to $2 million in damages.
  • Homeowners and renters can apply for home and personal property loans, with a maximum loan amount of $100,000 to replace or repair personal property and up to $500,000 to repair or replace their primary residence.
  • SBA's Economic Injury Disaster Loan (EIDL) program provides up to $500,000 in loans to eligible small businesses and private nonprofit organizations for working capital needs caused by the disaster.
  • Interest rates range from 4% for businesses to 2.75% for homeowners and renters, with terms up to 30 years.
  • SBA sets loan amounts and terms based on each applicant's financial condition.

Statistics:

  • The affected counties include Crook, Deschutes, Grant, Harney, Lake, and Malheur in Oregon, as well as Humboldt and Washoe in Nevada.
  • Up to $2 million is available for business physical disaster loans.
  • Up to $100,000 is available for home and personal property loans.
  • Up to $500,000 is available for repairing or replacing primary residences.
  • The deadline to return physical damage applications is Aug. 25, 2025.
  • The deadline to return economic injury applications is March 25, 2026.

Sources:

  • United States Small Business Administration
  • SBA Customer Service Center at (800) 659-2955
  • disastercustomerservice@sba.gov
  • sba.gov/disaster
  • HARNEY COUNTY Disaster Loan Outreach Center

(Publicly available information, no additional sourcing needed)

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