SBA disaster loans opened for Northern Mariana Islands nonprofits after Super Typhoon Sinlaku
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice opens SBA disaster loan assistance for private nonprofit organizations in the Commonwealth of the Northern Mariana Islands that provide essential government-like services and were affected by Super Typhoon Sinlaku between April 11 and April 18, 2026. Eligible nonprofits can apply for physical damage loans by July 27, 2026, and economic injury loans by March 1, 2027. The listed interest rate is 3.625%, and applications can be filed through the MySBA Loan Portal or locally announced assistance locations.
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Key Changes
- Opens SBA disaster loan applications for eligible private nonprofit organizations in the Northern Mariana Islands
- Sets July 27, 2026 as the deadline for physical damage loan applications
- Sets March 1, 2027 as the deadline for economic injury disaster loan applications
Obligations
What this law requires
Private nonprofit organizations providing essential government-like services in the Commonwealth of the Northern Mariana Islands that seek SBA physical disaster loan assistance for Super Typhoon Sinlaku damage must file their physical damage loan application by July 27, 2026.
Private nonprofit organizations providing essential government-like services in the Commonwealth of the Northern Mariana Islands that seek SBA economic injury disaster loan assistance must file their EIDL application by March 1, 2027.
Eligible private nonprofit organizations applying for SBA disaster loan assistance must submit applications through the MySBA Loan Portal or at locally announced in-person assistance locations.