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.