SBA disaster loan notice for the Native Village of Kipnuk
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 that provide essential government-like services in the Native Village of Kipnuk, Alaska, after severe storms, flooding, and remnants of Typhoon Halong in October 2025. Eligible nonprofits can apply for physical damage loans by July 28, 2026, and economic injury loans by March 1, 2027. The listed interest rate is 3.625% for both physical damage and economic injury loans.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Makes SBA disaster loans available for eligible private nonprofit organizations in the Native Village of Kipnuk
- 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
Private nonprofit organizations providing essential governmental services in the Native Village of Kipnuk that seek SBA physical disaster loan assistance must submit their physical damage loan application through the SBA Loan Portal or locally announced locations by July 28, 2026.
Private nonprofit organizations providing essential governmental services in the Native Village of Kipnuk that seek SBA economic injury disaster loan assistance must submit their EIDL application through the SBA Loan Portal or locally announced locations by March 1, 2027.