SBA Offers Disaster Relief to Michigan Small Businesses and Private Nonprofits

Low-interest federal disaster loans now available to offset economic losses from adverse weather conditions

Published on Feb. 26, 2026

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The U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans to small businesses and private nonprofit organizations in Michigan to help offset economic losses caused by adverse weather conditions, including drought, frost, freeze, and excessive heat.

Why it matters

This disaster relief program provides critical financial assistance to help small businesses and private nonprofits in Michigan recover from the economic impact of these natural disasters, which can be devastating for local communities and economies.

The details

The SBA's Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofits, including faith-based organizations, that have suffered financial losses directly related to the disasters. The loans can be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for nonprofits, with terms up to 30 years.

  • The disaster declarations cover the period from December 3-31, 2025 for drought, October 8-10, 2025 for frost and freeze, and May 13 - August 22, 2025 for drought and excessive heat.
  • The deadline to submit completed loan applications to the SBA is October 13, 2026.

The players

U.S. Small Business Administration (SBA)

The U.S. government agency that helps power the American dream of business ownership by providing resources and support to small businesses and entrepreneurs.

Chris Stallings

The associate administrator of the Office of Disaster Recovery and Resilience at the SBA.

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What they’re saying

“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover.”

— Chris Stallings, Associate Administrator, Office of Disaster Recovery and Resilience, SBA (sba.gov)

What’s next

The SBA will review and process loan applications submitted by the October 13, 2026 deadline.

The takeaway

This SBA disaster relief program is a crucial lifeline for small businesses and private nonprofits in Michigan that have been impacted by the recent adverse weather conditions, providing them with low-interest loans to help cover their financial losses and support their recovery efforts.