Major Disaster Declaration for the Commonwealth of the Northern Mariana Islands
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 the entire Commonwealth of the Northern Mariana Islands after Super Typhoon Sinlaku. Businesses, homeowners, and nonprofit groups in Saipan, Tinian, Rota, and the Northern Islands can apply for physical damage loans, and businesses and nonprofits can also apply for economic injury loans. The key action is to apply by the deadlines: June 22, 2026 for physical damage loans and January 25, 2027 for economic injury loans. Applications can be filed through the SBA loan portal or at local disaster assistance locations. The notice also sets the loan interest rates for each borrower type.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Declares a major disaster for the entire Commonwealth of the Northern Mariana Islands after Super Typhoon Sinlaku.
- Makes SBA disaster loans available for physical damage and economic injury.
- Sets application deadlines and loan interest rates for homeowners, businesses, and nonprofit organizations.
Obligations
What this law requires
Businesses, homeowners, and private nonprofit organizations in the entire Commonwealth of the Northern Mariana Islands may apply for SBA physical disaster loan assistance for damage caused by Super Typhoon Sinlaku.
Businesses and private nonprofit organizations in the entire Commonwealth of the Northern Mariana Islands may apply for SBA economic injury disaster loan assistance related to Super Typhoon Sinlaku.
Applicants seeking disaster assistance loans may file their applications through the MySBA Loan Portal at https://lending.sba.gov.
Applicants may also submit disaster loan applications in person at locally announced disaster assistance locations.
Disaster assistance applicants may contact the SBA disaster assistance customer service center by email or phone for assistance with their loan application.