SBA Low-Interest Loans for MN Floods

Published on: Nov 15, 2024

On Nov. 12, SBA made disaster aid available to MN for flood damage.

  • SBA made low-interest Economic injury disaster loans (EIDLs) available to Minnesota.
  • Eligible entities include small businesses, agricultural cooperatives, businesses engaged in aquaculture, most private nonprofits with flood losses from May 26-Jul. 31.
  • Application Deadline
  • Completed EIDL applications must be submitted to SBA no later than Jul. 7, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR 25-121, 11/12/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Nov 12, 2024
Effective Date
Jul 7, 2025
Rule ID
233289
Linked to
N/A
Reg. Last Update
Nov 12, 2024
Report Section
US Consumer