Ohio Tornadoes Trigger Federal Loan Lifeline – Act Fast!
Published Date: 10/7/2026
Notice
Summary
Ohio got hit hard by storms, tornadoes, floods, and landslides from August 10-22, 2026, and the President declared it a major disaster on October 2. People and businesses in several counties can now apply for low-interest disaster loans to help fix damage or recover lost income. You’ve got until December 1, 2026, for physical damage loans and July 2, 2027, for economic injury loans—so don’t wait!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Low‑interest physical disaster loans for Ohio residents
If you live or operate in the primary counties listed (Clermont, Franklin, Hamilton, Licking, Morgan, Muskingum, Perry), you can apply for SBA physical disaster loans to repair damage from the August 10–22, 2026 storms. The physical damage application deadline is December 1, 2026. Interest rates shown: 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‑profit organizations 3.625%.
Economic Injury (EIDL) loans for affected counties and neighbors
Businesses in the primary counties (Clermont, Franklin, Hamilton, Licking, Morgan, Muskingum, Perry) and businesses in the listed contiguous counties (Ohio: Athens, Brown, Butler, Clinton, Coshocton, Delaware, Fairfield, Guernsey, Hocking, Knox, Madison, Noble, Pickaway, Union, Warren, Washington; Indiana: Dearborn, Franklin; Kentucky: Boone, Bracken, Campbell, Kenton, Pendleton) may apply for Economic Injury Disaster Loans. The EIDL application deadline is July 2, 2027. Interest rates shown for EIDL: businesses and small agricultural cooperatives without credit available elsewhere 4.000%; private non‑profit organizations without credit available elsewhere 3.625%.
How to apply and contact SBA for disaster loans
You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations; for help contact the SBA disaster assistance customer service center at 1-800-659-2955 or by email at [email protected]. If you are deaf, hard of hearing, or have a speech disability, dial 7-1-1 to access telecommunications relay services.
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Department and Agencies
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