Big Fire in Red Hook, NY Triggers SBA Disaster Loans
Published Date: 11/19/2025
Notice
Summary
A huge fire hit parts of New York on September 17, 2025, and now the government has declared it a disaster. This means homeowners, businesses, and nonprofits in Kings County and nearby areas can apply for low-interest disaster loans to help fix damage or recover lost income. You’ve got until January 13, 2026, for physical damage loans and August 14, 2026, for economic injury loans—so don’t wait!
Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Homeowner disaster loans available
If you own a home in the areas affected by the Red Hook fire (Primary County: Kings; Contiguous: New York, Queens, Richmond in NY; Hudson in NJ), you can apply for SBA physical damage loans to repair damage. The physical loan application deadline is January 13, 2026, and interest rates listed are 6.000% for homeowners with credit available elsewhere and 3.000% for homeowners without credit available elsewhere.
Business physical damage loan access
Businesses in the named disaster area (Primary County: Kings; Contiguous: New York, Queens, Richmond in NY; Hudson in NJ) can apply for SBA physical damage loans to repair fire damage. The physical loan application deadline is January 13, 2026, and the interest rates listed are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit available elsewhere.
Economic Injury (EIDL) loans for businesses in NY and NJ
Businesses and small agricultural cooperatives in New York or New Jersey eligible for an Economic Injury Disaster Loan (EIDL) can apply through August 14, 2026. The interest rate listed for businesses and small agricultural cooperatives without credit available elsewhere is 4.000%.
Nonprofit organizations can get disaster loans
Non-profit organizations in the declared disaster area may apply for SBA physical damage loans with interest rates listed as 3.625% (both with and without credit available elsewhere). The physical loan application deadline is January 13, 2026.
EIDL access for non-profit organizations
Non-profit organizations without credit available elsewhere in the declared EIDL states (New York and New Jersey) may apply for Economic Injury Disaster Loans at an interest rate of 3.625%. The EIDL application deadline is August 14, 2026.
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