SBA Disaster Loans Available for Hotel Hampton Fire Victims

SBA Newsroom

Published April 3rd, 2026

Detected April 3rd, 2026

Summary

The SBA Office of Disaster Recovery & Resilience announced availability of low-interest disaster loans for businesses, private nonprofits, homeowners, and renters in Pennsylvania and New Jersey counties affected by the Hotel Hampton fire (Feb. 20). Applications for physical damage loans must be submitted by May 4, 2026. Businesses may borrow up to $2 million; homeowners up to $500,000; renters up to $100,000. Interest rates range from 2.875% to 4%.

View original document View source feed page

What changed

The SBA has issued a disaster relief notice for eligible parties in Pennsylvania counties (Bucks, Carbon, Lehigh, Monroe, Northampton) and New Jersey county (Warren) following the Hotel Hampton fire on February 20. The declaration makes available physical damage loans up to $2 million for businesses and $500,000 for homeowners, plus Economic Injury Disaster Loans (EIDLs). Interest rates are 4% for businesses, 3.625% for PNPs, and 2.875% for homeowners/renters, with terms up to 30 years.

Affected businesses, private nonprofits, homeowners, and renters should file applications by the physical damage deadline of May 4, 2026, and economic injury deadline of December 4, 2026. A 60-day grace period applies after each deadline. Applicants may also request a 20% loan increase for mitigation improvements such as wind-resistant upgrades or safe rooms. Apply online at sba.gov/disaster, by phone at (800) 659-2955, or via email.

What to do next

Submit physical damage loan applications by May 4, 2026 deadline
Submit economic injury disaster loan applications by December 4, 2026 deadline
Include mitigation upgrade plans to potentially receive up to 20% loan increase

Source document (simplified)

Disaster news release
PA 20028-02

SBA Disaster Relief Still Available to Pennsylvania Businesses, Private Nonprofits and Residents Affected by the Hotel Hampton Fire

Deadline for physical damage loans approaching Published on

April 3, 2026

by Office of Disaster Recovery & Resilience WASHINGTON — The U.S. Small Business Administration (SBA) is reminding eligible businesses, private nonprofit (PNP) organizations, homeowners and renters in Pennsylvania of the May 4 deadline to apply for low interest federal disaster loans to offset losses from physical damage caused by the Hotel Hampton fire occurring Feb. 20.

The declaration covers the Pennsylvania counties of Bucks, Carbon, Lehigh, Monroe and Northampton as well as the New Jersey county of Warren which are eligible for physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA.

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.”

Interest rates are as low as 4% for small businesses, 3.625% for PNPs, and 2.875% for homeowners and renters, with terms up to 30 years. Interest does not begin to 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 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 return applications for physical property damage is May 4. The deadline to return economic injury applications is Dec. 4. 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