Administrative Disaster Declaration of a Rural Area for the State of Alaska
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This law allows the Small Business Administration to offer disaster loans to residents and businesses affected by severe storms and flooding in rural Alaska. The affected area is primarily the Bering Strait Regional Educational Attendance Area. Residents and businesses can apply online or in-person for financial assistance through specified deadlines.
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Key Changes
- Enables SBA disaster loans for rural Alaska areas affected by storms and flooding
- Sets application deadlines for physical and economic injury loans
- Defines affected area primarily as Bering Strait Regional Educational Attendance Area
Obligations
What this law requires
Affected residents and businesses in the Bering Strait Regional Educational Attendance Area must submit applications for disaster loans for physical damage by June 15, 2026.
Residents and businesses affected by severe storms and flooding in the Bering Strait Regional Educational Attendance Area must apply for disaster loans through the MySBA Loan Portal or in-person at announced locations.
Residents and businesses seeking Economic Injury Disaster Loans (EIDL) must submit their applications by the specified deadline.
Affected residents and businesses must submit applications for economic injury loans by January 15, 2027.
Applications for disaster loans must be submitted online using the MySBA Loan Portal or in person at locally announced locations.