ICYMI – SBA Offers Relief to Arizonans Impacted by Devastating Floods in Gila County

On Friday, the U.S. Small Business Administration (SBA) announced the availability of low-interest federal disaster loans for eligible businesses, nonprofit organizations, residents, and tribal nations that sustained economic losses due to the severe flooding in Gila County.

Through this declaration, the SBA is offering Business Physical Disaster Loans, Home and Personal Property Loans, and Economic Injury Disaster Loans.

The Arizona counties of Coconino, Gila, Graham, Maricopa, Navajo, Pinal, and Yavapai are included.

Beginning today, SBA customer service representatives will be on hand at the Globe-Miami Chamber of Commerce at 1360 N. Broad St., Globe, AZ 85501. They will be available Monday through Friday from 9:00 a.m. to 4:00 p.m MST. To schedule an in-person appointment in advance, please click here.

To apply online for loans offered by the SBA, please click here, call the SBA's Customer Service Center at (800) 659-2955, or email [email protected]. The deadline to return physical damage applications is December 9, 2025, and the deadline to return economic injury applications is July 10, 2026.

If you or someone you know was impacted by the recent floods, please see the following information released by the SBA regarding available loans.

Physical Disaster Loans:

• Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

Home and Personal Property Loans:

• Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances.
• Homeowners may apply for up to $500,000 to replace or repair their primary residence.
• Applicants may be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes.
• Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

Economic Injury Disaster Loans:

• The SBA's Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations including faith-based organizations impacted by financial losses directly related to this disaster.
• The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
• EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage.
• They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

Please click here to see more information from the SBA's press release.