SBA Relief Still Available to Kansas Businesses, Nonprofits and Residents Affected by May Storms and Flooding

WASHINGTON - The U.S. Small Business Administration (SBA) is reminding eligible businesses, nonprofits, and residents in Kansas of the Oct. 14 deadline to apply for low interest federal disaster loans to offset physical damage caused by severe storms, straight-line winds, tornadoes and flooding occurring May 18-19.The disaster declaration covers the Kansas county of Reno.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.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 also 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 strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage."One distinct advantage of SBA's disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA's physical damage loans." SBA's Economic Injury Disaster Loan (EIDL) program is available to eligible 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.The loan amount can be up to $2 million with interest rates as low as 4% for businesses, 3.625% for PNPs and 2.813% for homeowners and renters with terms up to 30 years. The SBA determines eligibility and sets loan amounts and terms based on each applicant's financial condition. Interest does not begin to accrue, and monthly payments are not due until 12 months from the date of the initial disbursement.To apply online, visit sba.gov/disaster. Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.The filing deadline to submit applications for physical property damage is Oct. 14, 2025. However, after the deadline has passed, there is a 60-day grace period in which SBA will accept applications. The deadline to return economic injury applications is May 15, 2026.###About the U.S. Small Business AdministrationThe U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit https://www.sba.gov.