Alaska Storms Trigger Major Disaster Aid Declaration
Published Date: 10/30/2025
Notice
Summary
A major disaster was declared for parts of Alaska after severe storms and flooding hit from October 8-13, 2025. Non-profit groups in affected areas can now apply for low-interest disaster loans to help recover, with physical damage applications due by December 22, 2025, and economic injury loans available until July 22, 2026. This declaration means faster aid and financial support to get communities back on their feet!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
SBA Disaster Loans Available to Non‑Profits
If you run a private non-profit that provides essential governmental services in parts of Alaska (Lower Kuskokwim REAA, Lower Yukon REAA, Northwest Arctic Borough), you can apply for SBA disaster assistance loans. Apply online at the MySBA Loan Portal (https://lending.sba.gov). Physical damage loan applications are due by December 22, 2025, and Economic Injury Disaster Loan (EIDL) applications are due by July 22, 2026.
Low 3.625% Interest Rate for Non‑Profit Loans
The interest rate for disaster loans to non-profit organizations is 3.625%. This rate applies to physical damage loans (both with and without credit available elsewhere) and to economic injury loans for non-profits without credit available elsewhere.
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Previous / Next Documents
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A major disaster was declared for parts of Alaska after severe storms, flooding, and Typhoon Halong hit between October 8-13, 2025. Residents and businesses in affected areas can now apply for low-interest disaster loans to help repair damage or recover lost income. Physical damage loan applications are due by December 22, 2025, and economic injury loan applications by July 22, 2026.
Next: 2025-19718, Presidential Declaration of a Major Disaster for the State of Missouri
A major disaster was declared for Missouri after severe storms, tornadoes, and flooding hit between March 30 and April 8, 2025. People and businesses in many counties can now apply for disaster loans to help fix damage or recover lost income. Physical damage loan applications are due by December 22, 2025, and economic injury loan applications by July 22, 2026.