Super Typhoon Bavi Triggers Disaster for Northern Marianas
Published Date: 8/7/2026
Notice
Summary
This is notice of the Presidential declaration of a major disaster for the Commonwealth of the Northern Mariana Islands (FEMA- 4931-DR), dated August 3, 2026. Incident: Super Typhoon Bavi.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Low‑Interest Physical Disaster Loans for Rota Homeowners
If you live on Rota (Commonwealth of the Northern Mariana Islands), the SBA made physical-damage disaster loans available after Super Typhoon Bavi. Homeowner interest rates are listed as 5.750% if you have credit available elsewhere and 2.875% if you do not; the physical loan application deadline is October 3, 2026. Apply online at the MySBA Loan Portal (https://lending.sba.gov).
Physical Disaster Loans for Businesses and Nonprofits
Businesses and private non‑profits in Rota can apply for SBA physical-damage disaster loans after Super Typhoon Bavi. Interest rates are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without; private non‑profits are listed at 3.625%. The physical loan application deadline is October 3, 2026, and applications are accepted at https://lending.sba.gov.
Economic Injury (EIDL) Loans for CNMI Businesses
Economic Injury Disaster Loans (EIDL) are available for businesses and small agricultural cooperatives in the primary area (Rota) and for economic injury only in contiguous areas (Northern Islands, Saipan, Tinian). EIDL interest rates shown include 4.000% for businesses/small agricultural cooperatives without credit available elsewhere and 3.625% for private non‑profits; the EIDL application deadline is May 3, 2027. Apply at the MySBA Loan Portal: https://lending.sba.gov.
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