SBA Opens Loans After Guam Typhoon Declaration
Published Date: 7/16/2026
Notice
Summary
The President declared a major disaster for Guam after Super Typhoon Sinlaku hit in April 2026, opening up special public assistance and low-interest disaster loans for local nonprofits. Affected groups can apply for physical damage loans by August 31, 2026, and economic injury loans by March 30, 2027. This means Guam’s essential services get a financial boost to recover and rebuild quickly!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Disaster loans open to Guam nonprofits
If you are a private nonprofit in Guam that provides essential governmental services, you may file SBA disaster loan applications for damage from Super Typhoon Sinlaku. The Presidential disaster declaration was issued June 30, 2026, covering the incident period April 11, 2026 through April 18, 2026, and applications may be filed online at the MySBA Loan Portal.
3.625% interest rate for eligible loans
The notice sets SBA interest rates at 3.625% for physical damage loans (both for private nonprofits with and without credit available elsewhere) and 3.625% for Economic Injury (EIDL) loans (for private nonprofits without credit available elsewhere) for eligible Guam nonprofits.
Deadlines to apply for disaster loans
Eligible private nonprofits in Guam must apply for physical damage loans by August 31, 2026, and for Economic Injury (EIDL) loans by March 30, 2027. Applications are available through the MySBA Loan Portal.
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