Puerto Rico gets extra loan time post-Ernesto chaos
Published Date: 2/13/2025
Notice
Summary
Puerto Rico’s disaster help just got a boost! The government extended the deadline to apply for physical damage loans to March 6, 2025, and added more towns hit by Tropical Storm Ernesto to the list of eligible areas. If you live in places like Ponce or Fajardo, now’s the time to grab this extra support before the deadlines roll in.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Physical Damage Loan Deadline Extended
If you need a physical disaster loan related to Tropical Storm Ernesto, you can apply through the SBA's MySBA Loan Portal until March 6, 2025. The disaster incident period is August 13, 2024, through August 16, 2024, and this amendment was issued on February 4, 2025.
EIDL Application Deadline Set
If your business experienced economic injury from Tropical Storm Ernesto, you can apply for Economic Injury Disaster Loans (EIDL) through August 27, 2025 via the MySBA Loan Portal. The incident period for the disaster is August 13–16, 2024.
More Puerto Rico Areas Added
The amendment adds these municipalities as adversely affected by Tropical Storm Ernesto: Adjuntas, Arroyo, Cabo Rojo, Camuy, Fajardo, Lajas, Las Piedras, Luquillo, Ponce, Rio Grande, San German, and Utuado. People and organizations in those towns are now included under the disaster declaration for purposes identified in the notice.
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