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Floods

SBA Reminds Eligible Nonprofits of Disaster Loan Application Deadline

Strategic Insights

— 2 min read

The U.S. Small Business Administration (SBA) is warning eligible private nonprofit organizations in the Native Village of Kwigillingok that the deadline to apply for low-interest federal disaster loans to offset economic losses caused by severe storms and flooding is rapidly approaching. The SBA's Economic Injury Disaster Loan (EIDL) program is available to nonprofits that suffered financial losses directly related to the disaster. Examples of eligible organizations include food kitchens, homeless shelters, museums, libraries, and community centers. The SBA encourages applicants to submit their loan applications promptly, as applications will be prioritized in the order they are received.

Key Takeaways:

  • The deadline for eligible private nonprofit organizations to apply for low-interest federal disaster loans is Oct. 10, 2025.
  • The SBA's Economic Injury Disaster Loan (EIDL) program is available to nonprofits that suffered financial losses directly related to the disaster.
  • Eligible organizations include food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
  • EIDLs can be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
  • The loan amount can be up to $2 million, with interest rates as low as 3.25% and terms up to 30 years.
  • Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement.
  • The SBA sets loan amounts and terms based on each applicant's financial condition.
  • Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.
  • Applicants may apply online and receive additional disaster assistance information at sba.gov/disaster.
  • Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

Statistics:

  • The deadline for eligible private nonprofit organizations to apply for low-interest federal disaster loans is Oct. 10, 2025.
  • The SBA's Economic Injury Disaster Loan (EIDL) program is available to nonprofits that suffered financial losses directly related to the disaster.
  • Eligible organizations include food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
  • The loan amount can be up to $2 million.
  • Interest rates as low as 3.25% and terms up to 30 years.
  • Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement.
  • 60-day grace period in which SBA will accept applications after the deadline has passed.

Sources:

  • United States Small Business Administration
  • sba.gov/disaster
  • (800) 659-2955
  • disastercustomerservice@sba.gov

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