South Carolina Storm Gets Presidential Aid Boost for Nonprofits
Published Date: 5/1/2026
Notice
Summary
South Carolina got hit by a severe winter storm in January 2026, and the President declared a major disaster to help local nonprofits in Greenville, Oconee, and Pickens counties. This means these groups can now apply for low-interest disaster loans to fix damage or cover economic losses. Act fast—physical damage loan applications are due by June 10, 2026, and economic injury loans by January 7, 2027!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Nonprofits in 3 SC Counties Can Apply
If you run a private non-profit that provides essential governmental services in Greenville, Oconee, or Pickens counties, you may apply for SBA disaster loans for damage or economic loss from the January 21–27, 2026 winter storm. Apply online at the MySBA Loan Portal; physical damage loan applications are due June 10, 2026, and economic injury (EIDL) loan applications are due January 7, 2027.
Low 3.625% Interest Rate for Nonprofits
The SBA set the interest rate for both physical damage loans and economic injury loans for private non-profit organizations at 3.625%, whether or not credit is available elsewhere. This 3.625% rate applies to loans tied to this disaster declaration.
Eligibility Limited to Certain Nonprofits
Only private non-profit organizations that provide essential services of a governmental nature in the areas determined adversely affected by the disaster (Greenville, Oconee, Pickens counties) are identified as able to file disaster loan applications under this declaration.
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