Algal Bloom Blues: Illinois Gets Disaster Loans for Slimy Setback
Published Date: 11/11/2025
Notice
Summary
Illinois small businesses and farms in Coles and nearby counties hit by a nasty algal bloom can now apply for special low-interest disaster loans. These loans help cover money lost between July 10 and August 1, 2025, and applications are open until August 6, 2026. Don’t miss your chance to get financial help and keep your business afloat!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
EIDLs available for affected Illinois small businesses
Small businesses and small agricultural cooperatives in Coles County and the listed contiguous Illinois counties are eligible to apply for Economic Injury Disaster Loans (EIDL) for losses from July 10, 2025 through August 1, 2025. The EIDL declaration was issued November 6, 2025 and applications must be submitted by August 6, 2026.
Low interest rates set for eligible disaster loans
The notice sets interest rates for eligible borrowers: 4.000% for businesses and small agricultural cooperatives without credit available elsewhere, and 3.625% for non-profit organizations without credit available elsewhere. These rates apply to EIDLs associated with this disaster (Disaster Number 213420).
How and when to apply for EIDL assistance
Applications for these disaster loans may be submitted online using the MySBA Loan Portal at https://lending.sba.gov or at other locally announced locations, and applicants can contact the SBA disaster assistance customer service center at disastercustomerservice@sba.gov or 1-800-659-2955 for help. The application deadline is August 6, 2026.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-06282 — Brightwood Capital SBIC IV, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
Brightwood Capital SBIC IV, LP wants to lend money to The Smith and Oby Holding Company to help it grow. Because some related Brightwood funds already own a big chunk of Smith and Oby, this deal is a conflict of interest and needs special permission. People have 15 days from April 1, 2026, to share their thoughts before the SBA decides.
2026-06285 — Committee Member Nominations Sought Notice; Advisory Committee on Veterans Business Affairs
The Small Business Administration is looking for veteran small business owners and veteran service group reps to join its Advisory Committee on Veterans Business Affairs. These members will help shape policies that support veteran-owned businesses and serve up to three years without pay, but with travel costs covered. Nominations are open now and accepted anytime, so if you know a qualified veteran leader, now’s the time to step up!
2026-06098 — Interest Rates
The Small Business Administration set the Optional Peg Rate at 4.50% for April through June 2026, which helps decide interest rates on certain SBA loans. This affects small businesses using SBA direct or 504 loans, with lenders capped on how high they can charge based on state laws. If you’re borrowing or lending through SBA programs, keep an eye on these rates—they impact your loan costs this quarter!
2026-05936 — Data Collection Available for Public Comments
The Small Business Administration (SBA) is asking for your thoughts on how it collects info from small business investment companies. This helps make sure these companies follow the rules, and you have 30 days to share your comments before April 27, 2026. About 323 companies are involved, and the process won’t cost extra money but takes some time to complete.
2026-05668 — Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Louisiana
Louisiana’s winter storm disaster declaration just got an upgrade! Five more parishes—Catahoula, Lincoln, Madison, Union, and Webster—are now officially recognized for public assistance. If you’re in these areas, you’ve got until May 4, 2026, to apply for physical damage loans and December 4, 2026, for economic injury loans. Time to get the help you need and bounce back stronger!
2026-05654 — Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of MISSISSIPPI and the MISSISSIPPI BAND OF CHOCTAW INDIANS
The President has updated the disaster declaration for Mississippi and the Mississippi Band of Choctaw Indians after a severe winter storm in January 2026. Four more counties—Choctaw, Itawamba, Oktibbeha, and Wilkinson—are now officially recognized as affected and eligible for public assistance. If you need help, physical loan applications are due by April 7, 2026, and economic injury loans by November 6, 2026.
Previous / Next Documents
Previous: 2025-19839 — Request for Comments on Suspending Section 301 Action for One Year: China's Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance
The U.S. is thinking about pausing its trade penalties on China’s maritime, logistics, and shipbuilding sectors for one year starting November 10, 2025, thanks to a new deal between Presidents Trump and Xi. This pause could affect businesses involved in these industries by delaying extra costs from tariffs. The government wants your thoughts on this plan before November 7, so speak up if you’re impacted or interested!
Next: 2025-19842 — Product Change-Priority Mail Express, Priority Mail, and USPS Ground Advantage Negotiated Service Agreements; Priority Mail and USPS Ground Advantage Negotiated Service Agreements; Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select Negotiated Service Agreements
The Postal Service is updating its special shipping deals for Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select. These changes add new contracts to help businesses save money and ship smarter starting November 2025. If you use these services, expect fresh options and possibly better prices soon!
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in