Wisconsin Storm Victims Eligible for Federal Low-Interest Loans
Published Date: 11/2/2025
Notice
Summary
Big storms hit Wisconsin in August 2025, causing damage and flooding in several counties. The President declared a major disaster, opening up special low-interest loans to help homeowners, businesses, and nonprofits recover. If you’re affected, you’ve got until November 12, 2025, to apply for physical damage loans and until June 11, 2026, for economic injury loans—so don’t wait!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Low‑Interest Physical Disaster Loans Open
If you live in or own property or run a business in Milwaukee, Washington, or Waukesha counties and were damaged by the August 9–12, 2025 storms, you can apply for SBA physical disaster loans. The physical loan application deadline is November 12, 2025, and rates listed include 6.00% for homeowners with credit available elsewhere, 3.00% for homeowners without credit available elsewhere, 8.00% for businesses with credit available elsewhere, 4.00% for businesses without credit available elsewhere, and 3.625% for nonprofit organizations.
Economic Injury (EIDL) Loans for Businesses Expanded
Economic Injury Disaster Loans (EIDL) are available to businesses and small agricultural cooperatives in the primary counties (Milwaukee, Washington, Waukesha) and to businesses in the contiguous counties Dodge, Fond Du Lac, Jefferson, Ozaukee, Racine, Sheboygan, and Walworth. The EIDL application deadline is June 11, 2026; interest rates listed include 4.00% for businesses and small agricultural cooperatives without credit available elsewhere and 3.625% for nonprofit organizations without credit available elsewhere.
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