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.
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Key Dates
Department and Agencies
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