WASHINGTON, D.C. — U.S. Representative Mike Bost (IL-12) today announced that the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for Illinois small businesses, private nonprofits, homeowners, and renters impacted by the severe storms and flooding that occurred April 2-6. The declaration covers Marion County and the adjacent counties of Clay, Clinton, Jefferson, Washington, and Wayne, which are eligible for both physical damage loans and Economic Injury Disaster Loans (EIDLs).
!
“Our region was hit hard by these storms, and I’ve heard directly from folks who are struggling to recover,” said Bost. “These disaster loans will help families and small businesses repair, rebuild, and get back on their feet. I urge everyone who was affected to look into this assistance and apply as soon as possible.”
!
Small businesses and private nonprofits may apply for up to $2 million in physical disaster loans to replace damaged real estate, equipment, and inventory. Homeowners can apply for up to $500,000 to repair or replace their primary residence, and homeowners or renters can apply for up to $100,000 to recover personal property like furniture, vehicles, and appliances. Applicants may also be eligible for a loan increase of up to 20% of their verified physical damages for future mitigation upgrades – like safe rooms or wind-resistant garage doors. The deadline to apply for physical damage is July 14, 2025; for economic injury, February 17, 2026. To apply or learn more, visit: sba.gov/disaster.
###