SBA Declares Rural Alaska Storm Zone Eligible for Disaster Loans
Published Date: 4/20/2026
Notice
Summary
A big storm hit a rural part of Alaska last October, causing damage and economic trouble. The government declared it a disaster area, so affected homeowners, businesses, and nonprofits can now apply for low-interest loans to help fix things. You’ve got until mid-June 2026 for physical damage loans and January 2027 for economic injury loans—so don’t wait to get the help you need!
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Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Homeowner Disaster Loan Access
If your home in the declared rural area was damaged by the severe storms from October 8–13, 2025, you can apply for an SBA physical damage loan. Homeowner interest rates are 6.000% if you have credit available elsewhere and 3.000% if you do not, and the physical loan application deadline is June 15, 2026.
Business Physical Damage Loans
Businesses in the declared rural area can apply for SBA physical damage loans to repair storm damage from October 8–13, 2025. Business interest rates are 8.000% if credit is available elsewhere and 4.000% if not, with a physical loan application deadline of June 15, 2026.
Economic Injury (EIDL) Loan Availability
Businesses and small agricultural cooperatives in the declared rural area can apply for Economic Injury Disaster Loans (EIDL) for losses related to the October 8–13, 2025 disaster. The interest rate for businesses and small agricultural cooperatives without credit available elsewhere is 4.000%, and the EIDL application deadline is January 15, 2027.
Private Nonprofit Loan Eligibility
Private nonprofit organizations in the declared rural area may apply for both physical damage loans and economic injury loans related to the October 8–13, 2025 disaster. The interest rate listed for private non-profit organizations is 3.625% and applicable application deadlines are June 15, 2026 for physical damage and January 15, 2027 for economic injury.
How to Apply and Contact Help
Affected applicants can submit disaster loan applications online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations. For help, contact the SBA disaster assistance customer service center at 1-800-659-2955 or by email at DisasterCustomerService@sba.gov; if deaf or hard of hearing, dial 7-1-1 for relay services.
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