SBA Economic Injury Disaster Loans for Rhode Island Snowstorm
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The notice opens access to SBA Economic Injury Disaster Loans for businesses, small agricultural cooperatives, and private nonprofits harmed by the February 2026 historic snowstorm in Rhode Island and nearby areas. Eligible applicants in Kent and Providence counties, plus listed neighboring counties in Rhode Island, Connecticut, and Massachusetts, can apply through the MySBA Loan Portal. The application deadline is March 10, 2027. Interest rates are 4.000% for eligible businesses and small agricultural cooperatives without other credit available, and 3.625% for eligible private nonprofits.
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Key Changes
- Opens SBA Economic Injury Disaster Loan applications for damage tied to the February 2026 Rhode Island snowstorm
- Sets March 10, 2027 as the deadline for EIDL applications
- Sets loan interest rates at 4.000% for eligible businesses and small agricultural cooperatives and 3.625% for eligible private nonprofits
Obligations
What this law requires
Eligible businesses, small agricultural cooperatives, and private nonprofit organizations seeking SBA Economic Injury Disaster Loan assistance for the February 22–24, 2026 Rhode Island historic snowstorm must submit their EIDL loan application by the stated application deadline.
Applicants seeking disaster assistance loans under this declaration must submit applications through the MySBA Loan Portal or at other locally announced application locations.