Florida Businesses Get Federal Disaster Loans After Hurricane Isaias
Published Date: 11/4/2026
Notice
Summary
Hurricane Isaias hit Florida hard from October 6-12, 2026, and the President declared it a major disaster on October 27. People and businesses in several counties can now apply for low-interest disaster loans to help rebuild and recover. Physical damage loan applications are due by December 28, 2026, and economic injury loans by July 27, 2027.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
Who Can Apply for Disaster Loans
Because Hurricane Isaias was declared a major disaster on October 27, 2026 (FEMA-4955-DR), people and businesses in the listed primary counties can apply for both physical damage and Economic Injury Disaster Loans (EIDL). The primary counties are Bay, Escambia, Gulf, Holmes, Okaloosa, Santa Rosa, Walton, and Washington. Contiguous counties eligible for EIDL only are Calhoun, Franklin, Jackson, and Liberty in Florida, and Baldwin, Covington, Escambia, and Geneva in Alabama.
Loan Application Deadlines You Must Meet
If you want a physical damage disaster loan, you must apply by December 28, 2026. If you want an Economic Injury Disaster Loan (EIDL), you must apply by July 27, 2027. Applications may be submitted online through the MySBA portal or at locally announced locations.
Interest Rates for Physical Damage Loans
Physical damage disaster loan interest rates are set as follows: homeowners with credit available elsewhere—6.000% and homeowners without credit available elsewhere—3.000%; businesses with credit available elsewhere—8.000% and businesses without credit available elsewhere—4.000%; private non-profit organizations with or without credit available elsewhere—3.625%. These rates apply to the physical damage loan program identified by disaster number 220338.
Interest Rates for Economic Injury (EIDL) Loans
Economic Injury (EIDL) loan interest rates are: businesses and small agricultural cooperatives without credit available elsewhere—4.000%, and private non-profit organizations without credit available elsewhere—3.625%. These rates apply to EIDL assistance assigned disaster number 220340.
How to Apply and Get Help
You can apply for SBA disaster assistance online at https://lending.sba.gov (MySBA Loan Portal) or in person at locally announced locations. For help, contact SBA disaster assistance customer service at 1-800-659-2955, by email at [email protected], or use 7-1-1 for telecommunications relay service if you are deaf, hard of hearing, or have a speech disability.
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