Search Results for keywords:"physical damage loans"

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Search Results: keywords:"physical damage loans"

  • Type:Notice
    Citation:90 FR 8732
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) announced an administrative disaster declaration for Mississippi due to severe storms and tornadoes that occurred from December 28-29, 2024. Applications for disaster assistance loans can be submitted online, and the deadline for physical damage loans is March 28, 2025, while the economic injury loans deadline is October 27, 2025. The primary affected counties include Oktibbeha and Wayne, with several contiguous counties in Mississippi and Alabama also affected. For more information or assistance, individuals can contact Alan Escobar at the SBA's Office of Disaster Recovery & Resilience.

    Simple Explanation

    The U.S. Small Business Administration is helping people in Mississippi because of big storms and tornadoes. They are giving loans to fix damage or help businesses, and people can apply until a certain date.

  • Type:Notice
    Citation:90 FR 11085
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued a notice regarding a major disaster declaration by the President for the Commonwealth of Kentucky due to severe weather events such as storms and floods. The disaster was declared on February 24, 2025, and affects several counties where residents can apply for disaster assistance loans through the MySBA Loan Portal. Applications for physical damage loans are due by April 25, 2025, and economic injury loan applications are due by November 24, 2025. Interested individuals can contact the SBA's Office of Disaster Recovery & Resilience for further details.

    Simple Explanation

    The President said that Kentucky had bad storms and floods, so people there can ask for special help to fix their homes or businesses. They need to apply by April 25 for house repairs and by November 24 for help with their business money problems.

  • Type:Notice
    Citation:89 FR 95891
    Reading Time:about a minute or two

    On November 26, 2024, the U.S. Small Business Administration declared a disaster in the State of New York due to severe storms and flooding that occurred from August 18 to August 19, 2024. Disaster loans can be applied for online through the MySBA Loan Portal, and applications for physical damage loans have a deadline of January 27, 2025, while economic injury loans can be applied for until August 26, 2025. Suffolk County is the primary area affected, with Nassau County also impacted. The declaration assigns specific numbers for tracking physical and economic injury damages for the affected areas.

    Simple Explanation

    The U.S. Small Business Administration said there's a disaster in part of New York because of big storms and flooding, so people can now ask for help if their homes or businesses got hurt. They can apply online to get money to fix things, and they need to do it by certain dates next year.

  • Type:Notice
    Citation:90 FR 11867
    Reading Time:less than a minute

    The U.S. Small Business Administration has issued a notice amending the Presidential disaster declaration for California due to wildfires and straight-line winds, initially declared on January 8, 2025. This amendment extends the deadline for filing applications for physical damage loans to March 31, 2025, while the deadline for Economic Injury Disaster Loans (EIDL) is set for October 8, 2025. Those affected can apply for disaster assistance loans online via the MySBA Loan Portal. All other details from the original declaration remain unchanged.

    Simple Explanation

    The U.S. Small Business Administration is updating how long people have to ask for help after fires and strong winds hit California, giving them more time to apply for certain kinds of help. People can now ask for a type of help until the end of March 2025, while another kind of help can be asked for until October 2025, and they can do this online.

  • Type:Notice
    Citation:90 FR 10563
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) has announced an amendment to a previous declaration by the President related to a major disaster in California, specifically for public assistance due to wildfires and straight-line winds. The incident period for these natural disasters is updated to January 7, 2025, through January 31, 2025. Residents and businesses affected by these events can apply for physical damage loans until March 17, 2025, and for economic injury loans until October 15, 2025. More information and loan applications are available on the SBA’s lending website.

    Simple Explanation

    The President made changes to a previous announcement to help California after bad fires and strong winds. People and businesses affected can ask for help fixing damage until March 17, 2025, and for other financial help until October 15, 2025, on the SBA's website.

  • Type:Notice
    Citation:86 FR 6404
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) issued a notice about a major disaster declaration for the State of Louisiana due to Hurricane Zeta, which occurred from October 26 to October 29, 2020. As a result, residents and businesses in the affected areas can apply for disaster loans. Applications for physical damage loans must be submitted by March 15, 2021, while economic injury loan applications are due by October 12, 2021. The disaster primarily affects several parishes including Jefferson, Lafourche, and Orleans.

    Simple Explanation

    The government said that people and businesses in Louisiana hurt by a big storm called Hurricane Zeta can ask for help with special loans. They must sign up by certain dates to get this help.

  • Type:Notice
    Citation:89 FR 99322
    Reading Time:less than a minute

    The U.S. Small Business Administration (SBA) has issued an amendment to the Presidential declaration of a major disaster specifically for Public Assistance to the Havasupai Tribe due to flooding that occurred on August 22-23, 2024. This amendment, dated December 3, 2024, extends the deadline for submitting applications for physical damage loans to January 17, 2025. The economic injury loan application deadline remains July 25, 2025. The amendment does not change any other parts of the original disaster declaration.

    Simple Explanation

    The U.S. Small Business Administration has decided to give more time, until January 17, 2025, for the Havasupai Tribe to ask for help fixing damage caused by floods in August 2024. Everyone still has until July 25, 2025, to ask for help with money problems because of the floods.

  • Type:Notice
    Citation:86 FR 1559
    Reading Time:about a minute or two

    The U.S. Small Business Administration announced a notice of the Presidential declaration of a major disaster for Mississippi due to Hurricane Zeta, which occurred from October 28 to 29, 2020. The notice, issued on December 31, 2020, explains that those affected can apply for disaster loans. Applications can be submitted to the specified SBA address until March 1, 2021, for physical damage loans, and October 1, 2021, for economic injury loans. The disaster affects specific counties in Mississippi, as well as some neighboring areas in Alabama and Louisiana.

    Simple Explanation

    The government has said that people in Mississippi who got hurt by a big storm called Hurricane Zeta can ask for help to fix their homes and businesses. They need to apply for this help by certain dates if they want to get money to fix the damage.

  • Type:Notice
    Citation:90 FR 11202
    Reading Time:about a minute or two

    The U.S. Small Business Administration has amended the Presidential declaration of a major disaster for Kentucky, originally declared on February 24, 2025. This disaster was caused by severe storms, straight-line winds, flooding, landslides, and mudslides starting from February 14, 2025. The amendment now includes Floyd County as an area eligible for both physical damage and economic injury loans, while the contiguous counties eligible for economic injury loans remain unchanged. Deadlines for loan applications are April 25, 2025, for physical damage and November 24, 2025, for economic injury.

    Simple Explanation

    The U.S. government is helping people in Kentucky because storms and floods caused damage there. Now, they added a place called Floyd County to the list of areas that can get help fixing things and to support businesses that lost money.

  • Type:Notice
    Citation:90 FR 13818
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued a notice of an administrative disaster declaration for Texas due to the Welder Complex Fire, dated March 19, 2025. Affected areas include San Patricio County and several neighboring counties. This notice enables businesses in these areas to apply for disaster loans through the MySBA Loan Portal. Deadlines for loan applications are May 19, 2025, for physical damage and December 19, 2025, for economic injury loans.

    Simple Explanation

    The U.S. Small Business Administration has announced that because of a big fire called the Welder Complex Fire in Texas, businesses in certain areas can get help by applying for special disaster loans. They have until May 19, 2025, to ask for help with fixing things that got damaged and until December 19, 2025, to ask for help if the fire hurt their business money-wise.

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