President Okays Loans for Virginia's Storm-Battered Non-Profits
Published Date: 4/15/2025
Notice
Summary
Virginia got hit hard by winter storms and flooding from February 10-18, 2025, and the President declared it a major disaster for public help only. Non-profit groups in 16 counties and Bristol city can now apply for low-interest disaster loans to recover. Act fast—physical damage loan applications close June 3, 2025, and economic injury loans by January 5, 2026!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
SBA Disaster Loans Open to Nonprofits in 16 Counties
Private nonprofit organizations that provide essential governmental services in the listed areas of Virginia may apply for SBA disaster loans because of the severe winter storms and flooding from February 10–18, 2025. The primary covered areas are Bland, Buchanan, Carroll, Craig, Dickenson, Floyd, Franklin, Grayson, Lee, Pulaski, Russell, Scott, Smyth, Tazewell, Washington, Wise, and the independent city of Bristol.
Low Interest Rate: 3.625% for Nonprofit Disaster Loans
The interest rate for both physical damage and economic injury disaster loans for eligible nonprofit organizations is 3.625 percent. The rate applies whether or not the nonprofit has credit available elsewhere, per the notice.
Application Deadlines for Physical and EIDL Loans
Physical damage loan applications for this disaster must be submitted by June 3, 2025, and Economic Injury Disaster Loan (EIDL) applications must be submitted by January 5, 2026. Applicants are instructed to apply via the MySBA Loan Portal at https://lending.sba.gov or other locally announced locations.
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.
2026-20667, Presidential Declaration Amendment of a Major Disaster for the State of West Virginia
West Virginia’s disaster declaration for severe storms and flooding in July 2026 just got an upgrade! The deadline to apply for physical damage loans is now extended to October 17, 2026, giving folks more time to get help. Economic injury loan applications are open until May 3, 2027, so businesses have plenty of runway to recover and rebuild.
2026-20544, Presidential Declaration of a Major Disaster for the State of Ohio
Ohio got hit hard by storms, tornadoes, floods, and landslides from August 10-22, 2026, and the President declared it a major disaster on October 2. People and businesses in several counties can now apply for low-interest disaster loans to help fix damage or recover lost income. You’ve got until December 1, 2026, for physical damage loans and July 2, 2027, for economic injury loans—so don’t wait!
2026-20548, Administrative Disaster Declaration of a Rural Area for the State of Missouri
Missouri’s rural areas in Crawford and Reynolds counties got hit hard by storms, winds, and flooding in July 2026. The government declared a disaster, opening the door for low-interest loans to help homeowners, businesses, and nonprofits recover. You’ve got until December 1, 2026, to apply for physical damage loans and until July 6, 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.
2026-20472, 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!
Previous / Next Documents
Previous: 2025-06366, Notice of Rescission of Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons
Starting March 21, 2025, the Department of Justice is canceling its old rules that helped people who don’t speak English well get fair treatment when using federal money. This change follows a new law making English the official language of the U.S. If you get federal funds, you’ll need to follow the new rules, but no new costs or deadlines are announced yet.
Next: 2025-06369, Notice of Determinations; Culturally Significant Objects Being Imported for Exhibition-Determinations: Exhibition of Certain Roman Coins From the David Sofer Collection
The U.S. government has approved the temporary import of special Roman coins from the David Sofer Collection for display at The Metropolitan Museum of Art in New York and possibly other venues. This means the coins are recognized as culturally important and showing them in the U.S. benefits the nation. Museums, history lovers, and visitors can look forward to seeing these rare coins soon, with no extra costs or delays announced.