2026-18273NoticeWallet

President Declares Iowa Storms a Major Disaster – Ho Hum

Published Date: 9/9/2026

Notice

Summary

This is notice of the Presidential declaration of a major disaster for Public Assistance Only for the state of Iowa (FEMA-4942- DR), dated September 1, 2026. Incident: Severe Storms and Flooding.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

SBA disaster loans available to nonprofits

If you run a private non-profit that provides essential governmental services in Jasper, Polk, Story, or Warren counties, you may apply for SBA disaster loans after the severe storms and flooding that occurred July 1, 2026 through July 4, 2026. Apply online at the MySBA Loan Portal (https://lending.sba.gov) or at locally announced locations. The physical damage loan application deadline is November 2, 2026 and the Economic Injury (EIDL) loan application deadline is June 1, 2027; the Presidential disaster declaration was issued September 1, 2026 (FEMA-4942-DR).

SBA loan interest rate set at 3.625%

For this disaster, the SBA set the interest rate for both physical damage and Economic Injury (EIDL) loans to private non-profit organizations at 3.625% (applies both when credit is available elsewhere and when it is not). These rates apply to loans tied to the FEMA-4942-DR declaration.

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Key Dates

Effective Date
Published Date
9/1/2026
9/9/2026

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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