The U.S. Small Business Administration announced the availability of low-interest federal disaster loans for eligible private nonprofit organizations impacted by severe storms and tornadoes occurring July 27.
Eligible Counties
Wisconsin: Vilas and Winnebago
Who Can Apply
• Private nonprofits & faith-based organizations
Loan Assistance Available
➢ Physical Disaster Loans: Repair or replace disaster-damaged property, equipment, inventory, and assets.
➢ Economic Injury Disaster Loans: Working capital assistance for operational expenses caused by the disaster.
➢ Mitigation Funding: SBA disaster loans can be increased up to 20% of the verified losses to make building upgrades.
Key Loan Details
• Up to $2 million in loan funding
• Interest rate as low as 3.625% for private nonprofit organizations
• Loan terms of up to 30 years
• No interest or required payments during the first 12 months following disbursement
Apply online: sba.gov/disaster
Application Deadlines: Physical Damage Loans: Dec. 7; Economic Injury Disaster Loans: July 7, 2027
Applicants may call the SBA National Support Network Center with questions regarding their application at (866) SBA-HELP or email disastercustomerservice@sba.gov. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.