SBA Disaster Loans Available for NC Businesses Affected by Tropical Depression Chantal

SBA Newsroom

Published March 27th, 2026

Detected March 28th, 2026

Summary

The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit organizations in North Carolina that the deadline to apply for low-interest federal disaster loans for economic losses caused by Tropical Depression Chantal is April 27, 2026. These Economic Injury Disaster Loans (EIDLs) can be used for working capital needs.

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What changed

The U.S. Small Business Administration (SBA) has issued a notice reminding eligible small businesses and private nonprofit organizations in North Carolina that the application deadline for Economic Injury Disaster Loans (EIDLs) related to Tropical Depression Chantal is April 27, 2026. The disaster declaration covers specific counties affected by flooding and tornados from July 6-13, 2025. EIDLs are available for working capital needs, even without physical damage, and can be used to cover fixed debts, payroll, and other essential business expenses.

Affected entities must apply by the April 27, 2026 deadline to receive assistance. While the primary deadline is April 27, the SBA will accept applications for 60 days after this date. Loan amounts can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for private nonprofits, with repayment terms up to 30 years. Payments are deferred for 12 months from the first disbursement. Applicants can apply online at sba.gov/disaster or contact the SBA Customer Service Center.

What to do next

Submit EIDL applications by April 27, 2026, or within the 60-day grace period.
Visit sba.gov/disaster for application portal and information.
Contact SBA Customer Service at (800) 659-2955 for assistance.

Source document (simplified)

Disaster news release
NC 20020-07

SBA Disaster Relief still Available to North Carolina Businesses and Private Nonprofits Affected by Tropical Depression Chantal

Deadline to apply for economic injury loans approaching Published on

March 27, 2026

by Office of Disaster Recovery & Resilience WASHINGTON – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in North Carolina of the April 27 deadline to apply for low interest federal disaster loans to offset economic losses caused by the tropical depression Chantal flooding and tornados occurring July 6 - 13, 2025.

This disaster declaration covers the North Carolina counties of Alamance, Caswell, Chatham, Durham, Granville, Orange, Person, and Wake.

Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

"SBA loans help eligible small businesses cover operating expenses after a disaster, which is crucial for their recovery," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster."

The loan amount can be up to $2 million with interest rates as low as 4% for small businesses, 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for 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 deadline to return economic injury applications is April 27. However, after the deadline has passed, there is a 60-day grace period in which SBA will accept applications.

About the U.S. Small Business Administration

The 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 or 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 www.sba.gov.

Related programs: Disaster