Major Disaster Declared for Leech Lake Band Storms
Published Date: 10/28/2025
Notice
Summary
The President declared a major disaster for the Leech Lake Band of the Ojibwe due to severe storms and strong winds on June 21, 2025. This declaration opens up special low-interest loans to help local non-profits recover, with physical damage loan applications due by December 22, 2025, and economic injury loans available until July 22, 2026. It’s a big boost to get the community back on its feet fast and strong!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Disaster Loans for Local Nonprofits
Private non-profit organizations that provide essential governmental services in the Leech Lake Band of the Ojibwe can apply for SBA disaster loans after the June 21, 2025 severe storms. This declaration (FEMA-4894-DR) opens recovery loan access specifically for that community.
Low 3.625% Interest Rate for Loans
The SBA set the interest rate for both Physical Damage and Economic Injury disaster loans for eligible non-profits at 3.625 percent. This same 3.625% rate applies whether or not the non-profit has credit available elsewhere.
Loan Application Deadlines and How to Apply
Physical damage loan applications must be filed by December 22, 2025, and Economic Injury (EIDL) loan applications must be filed by July 22, 2026. You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or contact SBA disaster assistance for help.
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.
2026-20080, 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.
2026-19941, Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Indiana
The President has updated the disaster declaration for Indiana after severe storms, tornadoes, and flooding in August 2026. This change adds more counties to the list eligible for public assistance, helping more communities get support. If you’re affected, you can apply for disaster loans by October 25, 2026, for physical damage, or by May 25, 2027, for economic injury.
2026-19942, Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Texas
Texas is getting extra help after severe storms, tornadoes, and flooding hit from July 12 to August 4, 2026. The government added four more counties to the disaster assistance list, so more communities can apply for aid. If you’re affected, you have until November 2, 2026, to apply for physical damage loans and until June 1, 2027, for economic injury loans.
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.
2026-19851, Administrative Declaration of a Disaster for the State of NEW YORK
New York got hit by big storms and flooding from July 28-29, 2026, and now the government says it’s an official disaster. People and businesses in certain counties can apply for low-interest loans to fix damage or cover lost income. You’ve got until November 23, 2026, for physical damage loans and June 24, 2027, for economic injury loans—so don’t wait!
Previous / Next Documents
Previous: 2025-19680, Presidential Declaration of a Major Disaster for the Leech Lake Band of the Ojibwe
The President declared a major disaster for the Leech Lake Band of the Ojibwe after severe storms hit on June 21, 2025. This means folks there can now apply for disaster loans to fix damage or cover economic losses, with deadlines in December 2025 and July 2026. Nearby Minnesota counties can also get help for economic injuries, making recovery easier and faster.
Next: 2025-19682, Information Collection Request Submitted to OMB for Review and Approval; Comment Request; NSPS for Stationary Combustion Turbines (Renewal)
The EPA is asking to keep collecting info from companies that run stationary combustion turbines, like big engines that produce power. This renewal won’t change the rules but lets the EPA keep checking emissions to protect our air. If you have thoughts, you’ve got until November 28, 2025, to speak up—no cost changes, just paperwork updates!