Michigan Storm Victims Eligible for SBA Loans
Published Date: 7/15/2026
Notice
Summary
Michigan got hit hard by storms, tornadoes, and floods back in April, and now the President has declared a major disaster to help out. This means certain counties can apply for special loans to fix damage or cover losses, with deadlines coming up by August 31, 2026, for physical damage and March 30, 2027, for economic injury. If you’re a nonprofit or small business in the affected areas, help is on the way with low-interest loans to get you back on track!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
SBA Disaster Loans for Nonprofits
The President declared a major disaster (FEMA-4925-DR) for Michigan on June 30, 2026. Private non-profit organizations providing essential governmental services in the listed counties (Alcona; Alpena; Benzie; Charlevoix; Cheboygan; Crawford; Eaton; Emmet; Grand Traverse; Gratiot; Iron; Kalkaska; Lake; Manistee; Marquette; Mecosta; Menominee; Missaukee; Montmorency; Newaygo; Ogemaw; Osceola; Oscoda; Presque Isle; Tuscola; Wexford) may apply for SBA disaster loans. The interest rate shown for both physical damage and economic injury loans (where listed) is 3.625 percent.
Loan Application Deadlines and How to Apply
You can apply for these disaster loans through the MySBA Loan Portal at https://lending.sba.gov or at locally announced locations. The Physical Loan Application deadline is August 31, 2026, and the Economic Injury (EIDL) Loan Application deadline is March 30, 2027; SBA assistance contact info: 1-800-659-2955 and email [email protected] (TTY: dial 7-1-1).
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