Connecticut Floods Trigger SBA Loan Lifeline Deadlines
Published Date: 10/6/2026
Notice
Summary
Connecticut got hit hard by storms and flash floods on September 13, 2026, and the government just declared it a disaster area. This means people and businesses in Fairfield and nearby counties can apply for low-interest disaster loans to help fix damage or cover lost income. You’ve got until December 1, 2026, to apply for physical damage loans and until July 2, 2027, for economic injury loans—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
SBA physical-damage disaster loans
You in the listed counties can apply for SBA low-interest physical damage disaster loans to repair property damaged by the September 13, 2026 storms. The physical loan application deadline is December 1, 2026. Interest rates for physical damage loans are: homeowners with credit available elsewhere 6.000%, homeowners without credit available elsewhere 3.000%, businesses with credit available elsewhere 8.000%, businesses without credit available elsewhere 4.000%, and private non-profits (with or without credit available elsewhere) 3.625%.
Economic Injury (EIDL) loans for businesses
Small businesses, small agricultural cooperatives, and eligible private non-profits in the disaster area can apply for Economic Injury Disaster Loans (EIDL). The EIDL application deadline is July 2, 2027, and applicable interest rates include 4.000% for businesses and small agricultural cooperatives without credit available elsewhere and 3.625% for private non-profits without credit available elsewhere.
How to apply and contact SBA
You can apply for disaster assistance online at the MySBA Loan Portal: https://lending.sba.gov. For help, contact the SBA disaster assistance customer service center at 1-800-659-2955, email [email protected], or use 7-1-1 for telecommunications relay services if deaf or hard of hearing.
Counties eligible for disaster loans
The declaration names Fairfield County (primary) as adversely affected and lists contiguous eligible counties: Connecticut — Litchfield and New Haven; New York — Dutchess, Nassau, Putnam, Suffolk, and Westchester. Residents and businesses in these counties may submit SBA disaster loan applications.
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