Florida Nonprofits Get Disaster Loans After Hurricane Isaias
Published Date: 11/4/2026
Notice
Summary
Florida got hit by Hurricane Isaias from October 6-12, 2026, and the President declared a major disaster to help local nonprofits recover. This means affected nonprofits in 15 counties can apply for low-interest disaster loans until December 28, 2026, for physical damage and until July 27, 2027, for economic injury. The government is ready to support recovery with easy online applications and helpful customer service.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Nonprofits in 15 Florida Counties Eligible
Private non-profit organizations that provide essential services of a governmental nature in the listed 15 Florida counties (Bay, Calhoun, Escambia, Franklin, Gadsden, Gulf, Holmes, Jackson, Jefferson, Liberty, Okaloosa, Santa Rosa, Wakulla, Walton, Washington) are eligible to apply for disaster assistance under the Presidential declaration for Hurricane Isaias. The incident period is October 6, 2026 through October 12, 2026 and the declaration was issued on October 27, 2026.
Loan Interest Rate Set at 3.625%
The interest rate for SBA disaster loans awarded for Physical Damage and for Economic Injury (EIDL) to private non-profit organizations is set at 3.625 percent. The rate applies both to organizations with credit available elsewhere and those without credit available elsewhere.
How and When to Apply for SBA Loans
Affected private non-profits may apply online at the MySBA Loan Portal (https://lending.sba.gov). The physical damage loan application deadline is December 28, 2026, and the economic injury (EIDL) loan application deadline is July 27, 2027; SBA customer service is available by email at [email protected], by phone at 1-800-659-2955, and via telecommunications relay services by dialing 7-1-1.
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