New York Storm Victims Can Now Apply for SBA Loans
Published Date: 7/6/2026
Notice
Summary
New York got hit hard by storms and flooding starting May 20, 2026, especially Queens and nearby counties. The government declared it a disaster, so homeowners, businesses, and nonprofits can now apply for low-interest loans to fix damage or cover lost income. Act fast—physical damage loans close August 31, 2026, and economic injury loans are available until March 30, 2027.
Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Low-Rate Home Repair Loans
If your home in the declared New York disaster area was damaged by the May 20, 2026 storms and flooding, you can apply for an SBA physical damage loan. Physical damage loan applications are due by August 31, 2026, and the interest rates listed are 5.750% for homeowners with credit available elsewhere and 2.875% for homeowners without credit available elsewhere.
Physical-Damage Loans for Businesses
Businesses in the declared New York disaster area can apply for SBA physical damage loans to repair property or equipment from the May 20, 2026 incident. Physical loan applications must be filed by August 31, 2026, and the interest rates are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit available elsewhere; private nonprofit organizations are listed at 3.625%.
Economic Injury (EIDL) Loans Available
Businesses and small agricultural cooperatives in the disaster area can apply for Economic Injury Disaster Loans (EIDL) to cover working capital losses from the May 20, 2026 storms; EIDL applications are available until March 30, 2027. The interest rates listed are 4.000% for businesses and small agricultural cooperatives without credit available elsewhere, and 3.625% for private nonprofit organizations without credit available elsewhere.
Declared Eligible New York Counties
The SBA declared Queens as the primary county affected by the May 20, 2026 storms and flooding, with contiguous counties Bronx, Kings, Nassau, New York, and Richmond also determined adversely affected. Being in one of these counties is the basis for eligibility to apply for the SBA disaster loans described in this notice.
How to Apply and Contact SBA
You can apply for disaster assistance online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations; physical loan applications are due by August 31, 2026 and EIDL applications by March 30, 2027. For help contact the SBA disaster assistance customer service center at 1-800-659-2955, by email at disastercustomerservice@sba.gov, or use 7-1-1 for telecommunications relay services if you are deaf, hard of hearing, or have a speech disability.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-13157 — Administrative Declaration of a Disaster for the State of Pennsylvania
A big fire at Oak Forest Apartment Complex hit Berks County, Pennsylvania, and nearby areas. The government declared it a disaster on June 24, 2026, so affected homeowners, businesses, and nonprofits can apply for low-interest disaster loans to help rebuild and recover. You’ve got until August 24, 2026, to apply for physical damage loans and until March 24, 2027, for economic injury loans—so don’t wait!
2026-13159 — Interest Rates
The Small Business Administration set the Optional Peg Rate at 4.75% for July through September 2026, which helps decide interest rates on certain SBA loans. This affects small businesses using SBA direct or 504 loans, with lenders capped on how much interest they can charge based on state laws. If you’re borrowing or lending through SBA programs, keep an eye on these rates—they impact your loan costs this quarter!
2026-12956 — TZP SBIC Partners I, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
TZP SBIC Partners I, L.P. wants to lend money to Results Group Holdings, a small business, even though they have a close connection that usually causes a conflict of interest. They’re asking for a special okay from the Small Business Administration to make this deal happen. People have 15 days to share their thoughts before the decision is made.
2026-12954 — Harbert Mezzanine Partners II SBIC, L.P.; Surrender of License of Small Business Investment Company
Harbert Mezzanine Partners II SBIC, L.P. has officially given up its license to operate as a Small Business Investment Company. This means they won’t be making new investments under this program anymore. The change is effective immediately, so small businesses looking for funding from them will need to look elsewhere.
2026-12949 — FCP Fund II, L.P.; Surrender of License of Small Business Investment Company
FCP Fund II, L.P. has officially given up its license to operate as a Small Business Investment Company. This means they won’t be making new investments under this program anymore. The change is effective immediately, so small businesses looking for funding from this source will need to look elsewhere.
2026-12950 — Wasatch Venture Fund II, LLC; Surrender of License of Small Business Investment Company
Wasatch Venture Fund II, LLC has officially given up its license to operate as a Small Business Investment Company. This means they won’t be making new investments under this program anymore. The change is effective immediately, so small businesses looking for funding from them will need to look elsewhere.
Previous / Next Documents
Previous: 2026-13569 — Manulife Investment Management Private Markets (US) LLC; Manulife Employee Securities Company 2025, L.P.
Manulife Investment Management is asking the SEC for special permission to create investment funds just for their employees, letting them skip some usual rules. This change mainly affects Manulife’s staff and could speed up how these funds work, with a decision expected by late July 2026. If you want to speak up, you have until July 27 to request a hearing.
Next: 2026-13572 — Privacy Act of 1974; Matching Program
The Centers for Medicare & Medicaid Services (CMS) and the Department of Veterans Affairs (VA) are teaming up to double-check who’s eligible for health insurance help under the Affordable Care Act. This new matching program starts around mid-May 2026 and runs for 18 months, with a chance to renew for another year. If you’re involved with these benefits, this means your info might be shared securely to make sure you get the right coverage, with a comment deadline on August 5, 2026.