SBA Disaster Loan Deadline extended for Boyle County, for businesses AND residents

SBA Disaster Loan Deadline Extended for Boyle County

The City of Danville is pleased to report that the U.S. Small Business Administration (SBA) has extended the application deadline for Physical Disaster Loans in response to the severe storms, straight-line winds, flooding, landslides, tornadoes, and mudslides beginning on April 2, 2025, urging residents and business owners to take advantage of these programs, where needed, before the new deadline.

The new deadline for physical damage loan applications is July 25, 2025, and Economic Injury Disaster Loans (EIDLs) can now be filed through January 26, 2026

Available Loan Programs:

Home Disaster Loans: Up to $500,000 for repairs to primary residences and $100,000 for personal property.

Business Physical Disaster Loans: Up to $2 million to repair or replace property, equipment, and inventory.

EIDLs: Up to $2 million in working capital for small businesses and nonprofits.

Mitigation Loans: Additional funds to reduce future disaster risks.

Important points about SBA low-interest disaster loans:

• No application fee.

• No obligation to accept the loan after it is approved. Applicants/Survivors have 60 days to decide to accept and can ask for more time if they need to reevaluate their recovery situation.

• No prepayment penalty.

• No accrued interest for the first 12 months of the loan.

• No required payments for the first 12 months of the loan.

Applicants may apply anytime, even before an insurance claim has been settled, at https://www.sba.gov/disaster or at one of the local Disaster Recovery Centers. For additional information, SBA Customer Service can be reached at 1-800-659-2955

Nearby Disaster Recovery Centers (Open 9:00 a.m. to 7:00 p.m. M-F):‍

• Anderson County Community Center, 1026 County Park Road, Lawrenceburg, KY 40342
• Forks of Dix River Baptist Church, 5754 Lexington Road, Lancaster, KY 40444
• Lincoln County Fire Training Center 309 KY Hwy 590, Stanford, KY 40484
• Mercer County Health Department, 900 N College Street, Harrodsburg, KY 40330

For more information, visit www.sba.gov/disaster or call 1-800-659-2955.

More information: 

SBA announces loan-interest loan availability | News | kentuckytoday.com

SBA Extends Deadline on Physical Damage Loans for Kentucky Residents, Small Businesses and Private Nonprofits | U.S. Small Business Administration