Illinois gets SBA loans after storms—yawn-worthy bureaucracy
Published Date: 8/5/2026
Notice
Summary
This is notice of an Economic Injury Disaster Loan (EIDL) declaration for the state of Illinois dated July 30, 2026. Incident: Severe Storms and Tornadoes.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
EIDL Availability for Listed Illinois Counties
The SBA declared an Economic Injury Disaster Loan (EIDL) for damage from Severe Storms and Tornadoes, issued July 30, 2026, for Primary County Warren and contiguous Illinois counties Fulton, Henderson, Knox, McDonough, and Mercer. Businesses, small agricultural cooperatives, and private non-profits in those areas may apply for EIDL assistance related to the June 17, 2026 incident.
EIDL Interest Rates Specified
The notice sets EIDL interest rates for eligible applicants: 4.000 percent for businesses and small agricultural cooperatives without credit available elsewhere, and 3.625 percent for private non-profit organizations without credit available elsewhere.
EIDL Application Deadline
If you are an eligible small business, agricultural cooperative, or private non-profit in the affected areas, you may submit an EIDL application online; the deadline to apply is April 30, 2027.
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
2025-12584, Small Business Investment Company (SBIC) Regulatory Amendments
The SBA is cleaning house by removing old, confusing rules that no longer fit how Small Business Investment Companies (SBICs) work. They’re also making it easier and faster for new SBIC funds to get licensed and removing roadblocks for investments in critical minerals and tech. If you’re involved with SBICs, get ready for simpler rules and a smoother process starting soon—comments are open until September 5, 2025.
2025-10156, HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs; Correction
The SBA is fixing some small but important mistakes in its HUBZone and small business program rules from late 2024. These corrections clear up confusing parts about employee work hours, joint ventures, and certification dates, making it easier for small businesses to follow the rules. The fixes take effect June 4, 2025, so businesses should get ready to stay on track and keep their HUBZone benefits.
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.
2026-22469, Presidential Declaration of a Major Disaster for the State of Texas
Texas got hit hard by storms, tornadoes, and floods between July 7 and August 4, 2026. The President declared it a major disaster on October 30, unlocking special low-interest loans to help homeowners, businesses, and nonprofits recover. If you’re affected, you can apply for physical damage loans by December 30, 2026, and economic injury loans until July 30, 2027.
2026-22470, Presidential Declaration of a Major Disaster for Public Assistance Only for the State of Florida
Florida got hit by Hurricane Isaias from October 6-12, 2026, and the President declared a major disaster to help local nonprofits recover. This means affected nonprofits in 15 counties can apply for low-interest disaster loans until December 28, 2026, for physical damage and until July 27, 2027, for economic injury. The government is ready to support recovery with easy online applications and helpful customer service.
2026-22520, Data Collection Available for Public Comments
The Small Business Administration (SBA) wants your feedback on updating a key financial form used by small business owners applying for loans and certifications. They plan to add permission to verify info with the Social Security Administration and update accuracy statements. If you’re involved in SBA programs, this could affect you—comments are open until January 4, 2027, with no new costs expected.
Previous / Next Documents
Previous: 2026-15872, Public Inquiry
The Postal Regulatory Commission is giving everyone more time to share their thoughts on how the Postal Service calculates the value of its special mail privileges. Comments are now due by September 30, 2026, with replies due October 14, 2026. This extension helps the Postal Service review lots of data carefully, so the process is fair and clear for all involved.
Next: 2026-15875, Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company