The SBA Office of Disaster and Recovery is reminding the community that the deadline is fast approaching for applying for the small business disaster loan. The deadline is Monday, December 22, 2025.
Programs
Here are the programs in a nutshell.
- Business Physical Disaster Loans – Up to $2 million to repair or replace storm-related damage. Fixed 4.0%, over 30 years, 1-year deferred interest and principal after first disbursement. Deadline is December 22, 2025.
- Economic Injury Disaster Loans (EIDL) – Working capital loans of up to $2 million (4.0% interest, up to 30-year terms) for lost business because of the storms. This is a working capital loan to help businesses stay open while the community recovers. Deadline is July 22, 2026.
- Home Disaster Loans – Up to $500,000 for homeowners (interest rates as low as 2.75%) to repair or rebuild, and up to $100,000 for renters and homeowners to replace personal property—furniture, appliances, vehicles, and more. Deadline is December 22, 2025.
- Mitigation Funding – Borrowers can request an additional 20% loan increase to add features that help protect their property from future storms.
Loans
There’s no obligation to accept the loan, so no harm in applying. And most of the loans are well short of $2M. Some Economic Injury Disaster Loans have been as low as $1,500. That can be enough to help your business recover (including home businesses). And if the survivor had already used a credit card or high-interest loan to repair or rebuild, they could use a lower interest SBA disaster loan to pay that off and to lower their payments.
Apply
To apply or get more information, go to www.sba.gov/disaster or call 800-659-2955.
