The U.S. Small Business Administration (SBA) is reminding private nonprofit organizations in the Confederated Tribes of the Colville Reservation about the approaching deadline to apply for federal disaster loans. These loans are intended to offset economic losses caused by wildfires that occurred from July 17 to August 21, 2024. The deadline for applications is August 26, 2025.
The SBA's Economic Injury Disaster Loan (EIDL) program is available to nonprofits providing non-critical governmental services that suffered financial losses due to the disaster. Eligible organizations include food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
These loans address working capital needs resulting from the disaster and can be used even if no physical damage occurred. They may cover fixed debts, payroll, accounts payable, and other bills not paid because of the disaster.
"SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster."
Loan amounts can reach up to $2 million with interest rates as low as 3.25% and terms extending up to 30 years. Interest does not accrue until 12 months after the first loan disbursement. The SBA determines loan amounts and terms based on each applicant’s financial condition.
Applicants are encouraged to submit their applications promptly as they will be prioritized by order received. The SBA aims to process them efficiently.
Applications can be submitted online at sba.gov/disaster or by contacting SBA’s Customer Service Center at (800) 659-2955 or emailing disastercustomerservice@sba.gov for more information on disaster assistance. Telecommunications relay services are available by dialing 7-1-1 for those who are deaf or hard of hearing.
Completed loan applications must be submitted by August 26.
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