SBA Disaster Loans Open for Eligible Kentucky Nonprofits After Severe Winter Storm
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Eligible private nonprofit organizations in parts of Kentucky can apply for SBA disaster loans after a severe winter storm hit the state from January 23 to January 27, 2026. The declaration covers public assistance only, meaning it is aimed at nonprofits that provide essential services similar to government services. Affected nonprofits in listed counties may seek loans for physical damage and economic injury through the SBA Loan Portal. The deadline for physical damage applications is July 28, 2026, and the deadline for economic injury loan applications is March 1, 2027. The listed interest rate is 3.625%.
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Key Changes
- Opens SBA disaster loan applications for eligible private nonprofit organizations in affected Kentucky counties
- Sets July 28, 2026 as the deadline for physical damage loan applications
- Sets March 1, 2027 as the deadline for economic injury loan applications
Obligations
What this law requires
Eligible private nonprofit organizations providing essential services of a governmental nature in the listed Kentucky counties must submit physical damage disaster loan applications through the SBA Loan Portal or locally announced locations by the stated physical loan deadline if seeking SBA physical damage assistance for the severe winter storm.
Eligible private nonprofit organizations providing essential services of a governmental nature in the listed Kentucky counties must submit Economic Injury Disaster Loan applications through the SBA Loan Portal or locally announced locations by the stated EIDL deadline if seeking SBA economic injury assistance for the severe winter storm.