More Time for California Wildfire Recovery Loans—Don't Delay!
Published Date: 2/24/2025
Notice
Summary
California’s wildfire disaster declaration just got an update! The disaster period now officially covers January 7 to January 31, 2025, giving affected residents and businesses more time to apply for help. Physical loan applications are due by March 10, 2025, and economic injury loans can be applied for until October 8, 2025—so don’t miss out on the support!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Physical damage loan deadline: March 10, 2025
You can apply for SBA physical disaster loans for damage from the declared incident through the MySBA Loan Portal at https://lending.sba.gov until March 10, 2025. This is the deadline to submit applications for physical damage assistance under this declaration.
Economic Injury (EIDL) deadline: October 8, 2025
Small businesses and private nonprofit organizations can apply for Economic Injury Disaster Loans (EIDL) through the MySBA Loan Portal at https://lending.sba.gov until October 8, 2025. This is the application deadline for EIDL under this disaster declaration.
Disaster incident period set Jan 7–31, 2025
The official incident period for the California wildfires and straight-line winds is January 7, 2025 through January 31, 2025. This date range is the defined timeframe for the Presidential major disaster declaration (FEMA-4856-DR).
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2025-02741, HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs; Correction
The SBA fixed some small but important mistakes in its recent HUBZone and small business program rules to make things clearer and fairer. These corrections affect small businesses using HUBZone and other SBA programs, especially around size protests and financial reporting. The fixes take effect on February 18, 2025, helping businesses avoid confusion and unnecessary paperwork.
2026-20472, Administrative Declaration of a Disaster for the State of Connecticut
Connecticut got hit hard by storms and flash floods on September 13, 2026, and the government just declared it a disaster area. This means people and businesses in Fairfield and nearby counties can apply for low-interest disaster loans to help fix damage or cover lost income. You’ve got until December 1, 2026, to apply for physical damage loans and until July 2, 2027, for economic injury loans—so don’t wait!
2026-20399, Administrative Declaration of an Economic Injury Disaster for the State of Oregon
Oregon businesses hit by severe storms and wildfires from mid-July to late August 2026 can now apply for Economic Injury Disaster Loans to help recover. The SBA opened applications on October 1, 2026, with a deadline to apply by July 1, 2027. Low-interest loans are available for small businesses and nonprofits in affected counties across Oregon, Idaho, and Washington.
2026-20343, The Entire United States and U.S. Territories; Military Reservist Economic Injury Disaster Loan Program (MREIDL)
Starting October 1, 2026, small businesses across the U.S. and territories with military reservist employees called to active duty for over 30 days can apply for special disaster loans. These loans help cover everyday business costs while essential employees serve, with applications open for up to a year after the employee returns. The current loan interest rate is 4%, making it easier to keep businesses running smoothly during tough times.
2026-20080, Interest Rates
The Small Business Administration set the Optional Peg Rate at 5.00% for October to December 2026, which affects SBA direct and guaranteed fluctuating interest rate loans. Third Party Lenders funding 504 projects must keep their commercial loan rates within legal limits, capped at 6% above the New York Prime rate or state law limits. These changes help small businesses plan their loan costs for the upcoming quarter.
2026-19943, Presidential Declaration Amendment of a Major Disaster for the State of Indiana
Indiana’s disaster declaration just got bigger! Three more counties—Cass, Pike, and Putnam—can now apply for physical and economic disaster loans, while five nearby counties get access to economic injury loans. If you’re affected, act fast: physical loan applications close October 25, 2026, and economic injury loans are open until May 25, 2027.
Previous / Next Documents
Previous: 2025-02950, Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of California
California’s wildfire and wind disaster declaration just got an update! The disaster period now officially covers January 7 to January 31, 2025, giving affected communities more time to qualify for help. If you need a loan to recover, physical damage applications are due by March 17, and economic injury loans by October 15, 2025—so don’t wait!
Next: 2025-02952, Notice to All Interested Parties of Intent To Terminate Receivership
The FDIC is wrapping up its work with New City Bank in Chicago and plans to officially end the receivership at least 30 days after this notice. They’ve finished selling off the bank’s assets and will pay back creditors as much as possible. If anyone wants to share their thoughts about ending this process, they need to write in within 30 days.