Super Typhoon Bavi triggers SBA disaster aid for Northern Mariana Islands rural areas
Published Date: 8/20/2026
Notice
Summary
This is notice of an Administrative disaster declaration of a rural area for the commonwealth of Northern Mariana Islands dated August 14, 2026. Incident: Super Typhoon Bavi.
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Low‑Interest Homeowner Disaster Loans
If you are a homeowner in the Commonwealth of the Northern Mariana Islands (Saipan or Tinian) affected by Super Typhoon Bavi (incident period July 4–12, 2026), you can apply for SBA physical damage disaster loans. Homeowner interest rates are 5.750% if you have credit available elsewhere and 2.875% if you do not. Physical loan applications must be submitted by October 13, 2026 via the MySBA Loan Portal.
Disaster Loans for Small Businesses (Physical)
Small businesses in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Bavi can apply for SBA physical damage disaster loans. Interest rates are 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit available elsewhere. Physical loan applications are due by October 13, 2026 and may be filed at the MySBA Loan Portal.
EIDLs for Businesses and Agricultural Cooperatives
Businesses and small agricultural cooperatives in the Commonwealth of the Northern Mariana Islands may apply for Economic Injury Disaster Loans (EIDL). Interest rates for businesses and small agricultural cooperatives without credit available elsewhere are 4.000%. EIDL applications must be submitted by May 14, 2027 via the MySBA Loan Portal.
Disaster Loans for Private Non‑Profit Organizations
Private non‑profit organizations in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Bavi are eligible for SBA disaster assistance for both physical damage and economic injury at an interest rate of 3.625%. Physical loan applications are due October 13, 2026 and EIDL applications are due May 14, 2027; apply via the MySBA Loan Portal.
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