|
OFFICE OF DISASTER RECOVERY & RESILIENCE Release Date: June 17, 2026 Contact: Sherrell.Pyatt@sba.gov Release Number: MA-20004-01 Follow us on X, Facebook, LinkedIn, & Instagram SBA Offers Relief to Massachusetts Businesses and Private Nonprofits Affected by Blizzard Low-interest disaster loans now available WASHINGTON —The U.S. Small Business Administration announced the availability of low-interest federal disaster loans to small businesses and private nonprofit organizations in Massachusetts to offset economic losses caused by a blizzard occurring Feb. 22 – 27. The disaster declaration covers the Massachusetts counties of Barnstable, Bristol, Dukes, Nantucket, Norfolk, Plymouth, and Suffolk, as well as the Rhode Island counties of Bristol, Newport, and Providence, which are eligible for Economic Injury Disaster Loans from the SBA. Under this declaration, the SBA’s EIDL program is available to eligible small businesses, small agricultural cooperatives, and PNPs — including faith-based organizations — with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises. EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills which could not be paid due to the disaster. “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, Associate Administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.” The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms of up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition. On Thursday, June 18 and Wednesday, June 24, SBA customer service representatives will be on hand at the SBA Business Recovery Centers in counties of Barnstable, Bristol, Dukes, and Plymouth to answer questions about SBA’s disaster loan program, explain the application process, and help individuals complete their application. Walk-ins are welcome, and you can schedule an in-person appointment in advance at appointment.sba.gov. 2 | P a g e The BRCs hours of operation are listed below: Barnstable County Business Recovery Center Harwich Police Department Emergency Operations Center 183 Sisson Rd Harwich, MA 02645 Opens at 9 a.m. on Thursday, June 18 Monday - Friday, 9 a.m. - 6 p.m. Saturday, 10 a.m. - 2 p.m. Friday, June 19, closed in observance of the Juneteenth holiday Closes permanently at 6 p.m., Wednesday, July 1 Bristol County Business Recovery Center Taunton Public Safety Building 90 County St. Taunton, MA 02539 Opens at 9 a.m. on Thursday, June 18 Monday – Tuesday, 8 a.m. - 4 p.m. Wednesday – Friday, 9 a.m. - 6 p.m. Saturday, 10 a.m. - 2 p.m. Friday, June 19, closed in observance of the Juneteenth holiday Closes permanently at 6 p.m., Wednesday, July 1 Dukes County Business Recovery Center Edgartown Public Library 26 West Tisbury Rd. Edgartown, MA 02780 Opens at 10 a.m. on Thursday, June 18 Thursday, 10 a.m. - 5 p.m. Saturday, 10 a.m. - 2 p.m. Friday, June 19, closed in observance of the Juneteenth holiday Closes permanently at 2 p.m., Saturday, June 20
|