SBA Declares Disaster for Illinois After Severe Storms and Flash Flooding
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice opens SBA disaster loan help for people and businesses in Illinois after severe storms and flash flooding. Cook County is the main affected area, with nearby counties in Illinois and Lake County, Indiana also covered. People who suffered physical damage can apply by June 22, 2026. Businesses, nonprofits, and small agricultural cooperatives seeking help for economic injury have until January 25, 2027. Applicants can use the SBA loan portal or contact SBA disaster support for help.
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Key Changes
- SBA disaster loans are now available for eligible applicants affected by the Illinois storm and flood event.
- Physical damage applications must be filed by June 22, 2026.
- Economic injury loan applications must be filed by January 25, 2027.
Obligations
What this law requires
Eligible homeowners, businesses, private nonprofit organizations, and small agricultural cooperatives in the declared disaster areas may submit SBA disaster loan applications for physical damage through the MySBA Loan Portal or at other locally announced locations.
Applicants seeking economic injury disaster loans must submit their SBA loan applications by the stated Economic Injury Disaster Loan (EIDL) deadline.
Applicants may use the SBA MySBA Loan Portal to apply for disaster assistance loans, or they may apply in person at other locally announced locations.
Applicants who need assistance may contact SBA disaster assistance customer service by email or phone for help with the application process.
Individuals with hearing or speech disabilities may use 7-1-1 telecommunications relay services to access SBA disaster assistance customer support.