Illinois Apartment Fire Triggers SBA Disaster Loans
Published Date: 6/15/2026
Notice
Summary
A big fire at an Oak Lawn apartment complex has led the government to declare a disaster for parts of Illinois and nearby Indiana. This means people and businesses in these areas can apply for special low-interest loans to help fix damage or recover lost income. You’ve got until August 10, 2026, to apply for physical damage loans and until March 10, 2027, for economic injury loans—so don’t wait!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Physical Damage SBA Loans Available
If you suffered physical damage from the Oak Lawn apartment complex fire and are in the affected areas (Primary: Cook County; Contiguous: DuPage, Kane, Lake, McHenry, Will in Illinois; Lake in Indiana), you can apply for SBA physical damage disaster loans. The deadline to apply for physical damage loans is August 10, 2026. Interest rates listed include 5.750% for homeowners with credit available elsewhere, 2.875% for homeowners without credit available elsewhere, 8.000% for businesses with credit available elsewhere, 4.000% for businesses without credit available elsewhere, and 3.625% for private non-profit organizations.
Economic Injury (EIDL) Loans Open
Businesses and small agricultural cooperatives in the declared disaster areas can apply for Economic Injury Disaster Loans (EIDL) to cover lost working capital; private non-profit organizations may also apply. The deadline to apply for EIDL is March 10, 2027. Interest rates for EIDL shown are 4.000% for businesses and small agricultural cooperatives without credit available elsewhere and 3.625% for private non-profit organizations without credit available elsewhere.
How to Apply and Contact SBA
You can apply for disaster assistance loans online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations, and you can contact the SBA disaster assistance customer service center by email at [email protected] or by phone at 1-800-659-2955 (7-1-1 for relay). The declaration assigns disaster numbers: physical damage 216425 and economic injury 216430.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2025-02741, HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs; Correction
The SBA fixed some small but important mistakes in its recent HUBZone and small business program rules to make things clearer and fairer. These corrections affect small businesses using HUBZone and other SBA programs, especially around size protests and financial reporting. The fixes take effect on February 18, 2025, helping businesses avoid confusion and unnecessary paperwork.
2026-20667, Presidential Declaration Amendment of a Major Disaster for the State of West Virginia
West Virginia’s disaster declaration for severe storms and flooding in July 2026 just got an upgrade! The deadline to apply for physical damage loans is now extended to October 17, 2026, giving folks more time to get help. Economic injury loan applications are open until May 3, 2027, so businesses have plenty of runway to recover and rebuild.
2026-20544, Presidential Declaration of a Major Disaster for the State of Ohio
Ohio got hit hard by storms, tornadoes, floods, and landslides from August 10-22, 2026, and the President declared it a major disaster on October 2. People and businesses in several counties can now apply for low-interest disaster loans to help fix damage or recover lost income. You’ve got until December 1, 2026, for physical damage loans and July 2, 2027, for economic injury loans—so don’t wait!
2026-20548, Administrative Disaster Declaration of a Rural Area for the State of Missouri
Missouri’s rural areas in Crawford and Reynolds counties got hit hard by storms, winds, and flooding in July 2026. The government declared a disaster, opening the door for low-interest loans to help homeowners, businesses, and nonprofits recover. You’ve got until December 1, 2026, to apply for physical damage loans and until July 6, 2027, for economic injury loans—so don’t wait!
2026-20399, Administrative Declaration of an Economic Injury Disaster for the State of Oregon
Oregon businesses hit by severe storms and wildfires from mid-July to late August 2026 can now apply for Economic Injury Disaster Loans to help recover. The SBA opened applications on October 1, 2026, with a deadline to apply by July 1, 2027. Low-interest loans are available for small businesses and nonprofits in affected counties across Oregon, Idaho, and Washington.
2026-20472, Administrative Declaration of a Disaster for the State of Connecticut
Connecticut got hit hard by storms and flash floods on September 13, 2026, and the government just declared it a disaster area. This means people and businesses in Fairfield and nearby counties can apply for low-interest disaster loans to help fix damage or cover lost income. You’ve got until December 1, 2026, to apply for physical damage loans and until July 2, 2027, for economic injury loans—so don’t wait!
Previous / Next Documents
Previous: 2026-11968, Projects Approved for Consumptive Uses of Water
The Susquehanna River Basin Commission approved several projects in May 2026 that use water for things like manufacturing and energy drilling. These approvals let companies withdraw millions of gallons of water daily, mostly in Pennsylvania townships. If you’re involved in these industries, keep an eye on these renewals and new permits—they shape water use and could impact local water supplies and operations.
Next: 2026-11970, Wilderness Administration and Resource Stewardship; Managing Climbing Activities in Wilderness
The Fish and Wildlife Service is updating rules on climbing in wilderness areas to keep nature safe and fun for everyone. These changes affect climbers and land managers in National Wildlife Refuges and Fish Hatcheries, adding clear guidelines about climbing routes and gear. You’ve got until August 14, 2026, to share your thoughts—no fees involved, just your voice!