The U.S. Small Business Administration (SBA) has issued a notice regarding an administrative disaster declaration for a rural area in the State of Alaska. This declaration was made due to severe storms and flooding that occurred from October 20 to October 23, 2024. The SBA is offering disaster loans to affected areas, specifically targeting the Northwest Arctic Borough, and applications can be submitted online through their portal. The deadline for physical loan applications is May 12, 2025, and for economic injury loans, it is December 15, 2025.
Simple Explanation
The government is helping people in a part of Alaska because of bad weather like floods. They are giving out special loans to help fix things, and people need to apply before certain dates to get the help.