Winds Batter South Dakota: Disaster Loans Now Available for Nonprofits
Published Date: 4/21/2026
Notice
Summary
Big winds hit South Dakota in December 2025, causing damage in Custer, Fall River, and Pennington counties. The President declared a major disaster on April 7, 2026, so local nonprofits can now apply for low-interest disaster loans to help fix things. Act fast—physical damage loan applications are due by June 10, 2026, and economic injury loans by January 7, 2027.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Low‑Interest Physical‑Damage Loans for Nonprofits
If you are a private nonprofit providing essential governmental services in Custer, Fall River, or Pennington counties (South Dakota), the President declared a major disaster on April 7, 2026 so you may apply for SBA physical disaster loans. The interest rate for physical damage loans is 3.625% and applications for physical damage must be submitted by June 10, 2026 at the MySBA Loan Portal (https://lending.sba.gov).
Economic Injury Loans (EIDL) for Nonprofits
Private nonprofits providing essential governmental services in Custer, Fall River, or Pennington counties may apply for SBA Economic Injury Disaster Loans following the April 7, 2026 disaster declaration. The economic injury loan interest rate is 3.625% and Economic Injury (EIDL) applications must be submitted by January 7, 2027 via the MySBA Loan Portal (https://lending.sba.gov).
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