Minnesota Businesses Get Disaster Loans After Boundary Waters Wildfires
Published Date: 10/27/2026
Notice
Summary
Minnesota businesses hit by the Boundary Waters wildfires from July 11 to August 11, 2026, can now apply for special low-interest disaster loans to help recover. The Small Business Administration opened applications on October 22, 2026, with a deadline to apply by July 22, 2027. This support also extends to nearby counties in Minnesota and Wisconsin, offering a financial lifeline to keep local businesses afloat.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Disaster Loans Available to Listed Counties
If your business was harmed by the Boundary Waters wildfires between July 11, 2026 and August 11, 2026, you can apply for Economic Injury Disaster Loans. The declaration names Primary Counties Cook and St. Louis, plus contiguous Minnesota counties Aitkin, Carlton, Itasca, Koochiching, Lake, and Douglas County in Wisconsin as eligible areas.
Specified Low Interest Rates for EIDL
The notice sets the interest rate for businesses and small agricultural cooperatives without credit available elsewhere at 4.000 percent, and for private non-profit organizations without credit available elsewhere at 3.625 percent.
How and When to Apply for EIDL
Applications opened on October 22, 2026 and must be submitted by July 22, 2027. You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations; SBA customer service contact and TTY instructions are provided for assistance.
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