Federal Register #2026-20928

SBA disaster-assistance loans for eligible West Virginia residents, businesses, and nonprofits

The U.S. Small Business Administration announced disaster-assistance loans for eligible West Virginia residents and organizations affected by severe storms and flooding. - Buyer: U.S. Small Business Administration (SBA), Office of Disaster Recovery. - Notice type: Disaster loan assistance announcement, not a procurement for goods or services. - Assistance offered: Physical-damage loans for eligible homeowners, businesses, and private nonprofit organizations in Fayette, Harrison, and Kanawha counties; economic-injury loans for eligible applicants in those counties and contiguous counties. - Additional economic-injury counties: Barbour, Boone, Clay, Doddridge, Greenbrier, Jackson, Lewis, Lincoln, Marion, Nicholas, Putnam, Raleigh, Roane, Summers, Taylor, Upshur, and Wetzel. - Eligible economic-injury applicants: Businesses, small agricultural cooperatives, and private nonprofit organizations, subject to the stated eligibility and credit-availability rules. - Interest rates: Homeowners: 6% with credit available elsewhere or 3% without; businesses: 8% with credit available elsewhere or 4% without; private nonprofits: 3.625% for physical-damage loans and 3.625% for economic-injury loans without credit available elsewhere; eligible businesses and small agricultural cooperatives: 4% for economic-injury loans without credit available elsewhere. - OEMs and commercial vendors: None identified.

Description

The notice announces a presidential major disaster declaration for West Virginia (FEMA-4953-DR), issued October 7, 2026, following severe storms and flooding. The incident period was August 14 through August 18, 2026. SBA disaster loans are available for physical damage and economic injury in the affected areas; physical loan applications are due December 7, 2026, and Economic Injury Disaster Loan applications are due July 7, 2027. The notice lists Fayette, Harrison, and Kanawha as primary counties, with additional contiguous counties eligible for economic injury loans.

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