SBA Disaster Relief Loans

The U.S. Small Business Administration has provided the attached information to households who may have experienced property damage or financial hardship from the severe storms, tornadoes, and flooding that affected Michigan from April 10–21, 2026.

Low-interest U.S. Small Business Administration disaster loans may be available to homeowners, renters, businesses of all sizes, and private nonprofit organizations in designated Michigan counties. Assistance may be used to repair or replace a primary residence, personal property—including vehicles—or disaster-damaged business property, inventory, machinery, and equipment. Eligible small businesses and most private nonprofits may also apply for Economic Injury Disaster Loans to address working-capital needs, even if they did not sustain physical damage.

Key information:

• Interest rates are as low as 2.875% for homeowners and renters, 4% for businesses, and 3.625% for private nonprofit organizations, with loan terms of up to 30 years.
• Homeowners may apply for up to $500,000 to repair or replace a primary residence. Homeowners and renters may apply for up to $100,000 to repair or replace personal property.
• The application deadline for physical property damage is August 31, 2026.
• The application deadline for economic injury assistance is March 30, 2027.

Potential applicants should review the attached fact sheet to confirm that their county is included in the disaster declaration and to understand the applicable eligibility requirements.

Applications may be submitted online at sba.gov/disaster. For assistance, applicants may contact the SBA Customer Service Center at 800-659-2955 or disastercustomerservice@sba.gov. Individuals who are deaf, hard of hearing, or have a speech disability may dial 7-1-1 for telecommunications relay services.

SBA News Release Disaster Loans

SBA Disaster Loan Fact Sheet