SBA Disaster Loan Declaration for Illinois Apartment Complex Fire
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This notice opens SBA disaster loan assistance for people and organizations affected by the Oak Lawn Apartment Complex Fire in Cook County, Illinois. Homeowners, businesses, small agricultural cooperatives, and private nonprofits in Cook County and nearby counties in Illinois and Indiana may apply for physical damage or economic injury loans. Physical damage loan applications are due by August 10, 2026. Economic injury loan applications are due by March 10, 2027. Applications can be filed through the MySBA Loan Portal, and the notice lists the applicable interest rates by borrower type.
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Key Changes
- Makes SBA disaster loans available for losses tied to the Oak Lawn Apartment Complex Fire
- Sets August 10, 2026 as the deadline for physical damage loan applications
- Sets March 10, 2027 as the deadline for economic injury loan applications
Obligations
What this law requires
Applicants seeking SBA disaster assistance loans for physical damage from the Oak Lawn Apartment Complex Fire must submit loan applications through the MySBA Loan Portal or other locally announced locations by the physical damage application deadline.
Applicants seeking SBA Economic Injury Disaster Loans related to the Oak Lawn Apartment Complex Fire must submit EIDL applications through the MySBA Loan Portal or other locally announced locations by the economic injury application deadline.