Alaska Storm Unlocks Low-Interest Loans for Nonprofits Only
Published Date: 4/21/2026
Notice
Summary
A major disaster was declared for the Matanuska-Susitna Borough in Alaska due to a severe storm that hit in December 2025. This declaration opens up special low-interest loans to help local nonprofits recover, with physical damage loan applications due by June 10, 2026, and economic injury loans available until January 7, 2027. If you’re part of a nonprofit affected by the storm, now’s the time to apply and get the support you need!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
SBA Disaster Loans Opened to Nonprofits
If you run a private non-profit that provides essential government-like services in the Matanuska-Susitna Borough, you can apply for Small Business Administration (SBA) disaster loans after the April 7, 2026 Presidential disaster declaration for the December 6–9, 2025 storm. You may apply online at the MySBA Loan Portal (https://lending.sba.gov) or at locally announced locations.
3.625% Interest Rate on Disaster Loans
The notice sets the interest rate for eligible private non-profit disaster loans at 3.625% for physical damage and 3.625% for economic injury. These rates apply to the disaster loans listed for the declared disaster (Physical Damage disaster number 21509B; Economic Injury disaster number 215100).
Application Deadlines You Must Meet
If you are an eligible private non-profit, physical damage loan applications must be submitted by June 10, 2026. Economic Injury (EIDL) loan applications must be submitted by January 7, 2027. Use the MySBA Loan Portal to apply before these dates.
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