Non-profit entities that suffered damage or other issues related to severe weather in June are now eligible for low-interest federal disaster loans.
The Small Business Administration says private non-profits can receive loans for physical damage and what’s called economic injury. Eligible non-profits include faith-based organizations, food pantries, homeless shelters, museums, libraries and community centers, along with schools, colleges and universities.
The SBA says non-profits in these categories can borrow up to $2 million to repair or replace real estate, machinery, equipment, inventory and/or other assets. Mitigation purposes could also make non-profits eligible for a loan increase of up to 20 percent of their physical damage. The Economic Injury Disaster Loans, meanwhile, can be used to pay accounts payable, payroll, fixed debts and other bills not paid due to disasters — even if the non-profits did not have any physical damage.
The SBA says loans can be as low as 3.625 percent, with terms of up to 30 years.
This follows President Trump’s approval of major disaster relief following severe weather and flooding from June 3-7 for Lyon, Chase, Coffey, Greenwood, Morris, Osage and 10 other counties. Non-profits can apply online at sba.gov/disaster. The physical property application deadline is Nov. 10. The economic injury application deadline is June 11, 2026.
