2026-07737NoticeWallet

Alaska Storm Gets Federal Loan Lifeline for Non-Profits

Published Date: 4/21/2026

Notice

Summary

A major disaster was declared for the Matanuska-Susitna Borough in Alaska due to a severe storm that hit in December 2025. This declaration opens up special low-interest loans for private non-profits to help repair damage and recover. If you’re affected, you’ve got until June 10, 2026, to apply for physical damage loans and until January 7, 2027, for economic injury loans.

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Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Low‑Interest Physical Damage Loans

If you run a private non‑profit that provides essential governmental services in the Matanuska‑Susitna Borough, you can apply for SBA physical damage disaster loans at an interest rate of 3.625%. The declaration was made April 7, 2026 for the severe storm that occurred December 6–9, 2025, and the deadline to apply for physical damage loans is June 10, 2026.

Economic Injury (EIDL) Loans Available

Private non‑profits providing essential governmental services in the Matanuska‑Susitna Borough may apply for Economic Injury Disaster Loans (EIDL) with an interest rate of 3.625%. The EIDL application deadline is January 7, 2027; apply online via the MySBA Loan Portal or at locally announced locations.

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Key Dates

Effective Date
Published Date
4/7/2026
4/21/2026

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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