2026-08343NoticeWallet

President Declares Disaster: Aid Flows to Typhoon-Hit Islands

Published Date: 4/29/2026

Notice

Summary

The President declared a major disaster for the Northern Mariana Islands after Super Typhoon Sinlaku hit from April 11-18, 2026. Residents and businesses can now apply for low-interest disaster loans to help rebuild, with deadlines on June 22, 2026, for physical damage and January 25, 2027, for economic injury loans. This means faster help and money to get the islands back on their feet!

Analyzed Economic Effects

5 provisions identified: 5 benefits, 0 costs, 0 mixed.

Homeowner Disaster Loan Terms

If you own a home in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Sinlaku (April 11–18, 2026), you can apply for an SBA physical disaster loan. Interest rates listed are 5.750% for homeowners with credit available elsewhere and 2.875% for homeowners without credit available elsewhere. The deadline to apply for physical damage loans is June 22, 2026; apply at the MySBA Loan Portal (https://lending.sba.gov).

Business Physical Disaster Loans

If you run a business in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Sinlaku (April 11–18, 2026), you can apply for SBA physical disaster loans to repair or replace damaged business property. Interest rates listed are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit available elsewhere. The deadline to apply for physical damage loans is June 22, 2026; apply at https://lending.sba.gov.

Economic Injury (EIDL) Loan Access

Businesses and small agricultural cooperatives in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Sinlaku can apply for Economic Injury Disaster Loans (EIDL). The interest rate listed for businesses and small agricultural cooperatives without credit available elsewhere is 4.000%. The deadline to apply for EIDL is January 25, 2027; apply via the MySBA Loan Portal.

Nonprofit Disaster Loan Eligibility

Private non-profit organizations in the Commonwealth of the Northern Mariana Islands can apply for both physical damage and economic injury disaster loans at an interest rate of 3.625%. The physical loan application deadline is June 22, 2026 and the economic injury loan deadline is January 25, 2027; applications are available at https://lending.sba.gov.

Declaration Covers Entire CNMI

The Presidential major disaster declaration covers the entire Commonwealth of the Northern Mariana Islands, including Saipan, Tinian, Rota, and the Northern Islands, for damage from Super Typhoon Sinlaku (April 11–18, 2026). Residents and businesses in these areas are eligible to apply for SBA physical damage and economic injury loans under Disaster Numbers 215508 (physical) and 215510 (economic injury).

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Key Dates

Effective Date
Published Date
4/23/2026
4/29/2026

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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