SACRAMENTO, Calif. – In response to a Presidential disaster declaration issued May 21, the U.S. Small Business Administration (SBA)announced the availability of low interest federal disaster loans to Oklahoma small businesses, private nonprofit (PNP) organizations and residents affected by wildfires and straight-line winds occurring March 14-21.
The disaster declaration covers the Oklahoma counties of Cleveland, Creek, Lincoln, Logan, Oklahoma, Pawnee and Payne.
Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.
SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and PNPs impacted by 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 for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
“One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”
Interest rates can be as low as 4% for small businesses, 3.62% for PNPs and 2.75% for homeowners and renters with terms up to 30 years. Interest does not begin to 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.
Beginning Tuesday, May 27, SBA customer service representatives will be on hand at the Disaster Loan Outreach Centers to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.
The centers' hours of operation are as follows:
CREEK COUNTY
Disaster Loan Outreach Center
First Baptist Church of Mannford
105 Greenwood Ave.(Link is external)
Mannford, OK 74044(Link is external)
Mondays – Fridays
9 a.m. – 6 p.m.
Opens at 9 a.m. Tuesday,
May 27
LINCOLN COUNTY
Disaster Loan Outreach Center
Carney High School
203 Carney St.(Link is external)
Carney, OK 74832(Link is external)
Mondays – Fridays
9 a.m. – 6 p.m.
Opens at 9 a.m. Tuesday,
May 27
The following DLOC locations are open and continue to serve survivors:
LOGAN COUNTY
Disaster Loan Outreach Center
Logan County Courthouse Annex
(Across the street north of Courthouse in
the old Girl Scout Room)
312 E. Harrison Ave.(Link is external)
Guthrie, OK 73044(Link is external)
Mondays - Fridays,
9 a.m. - 6 p.m.
Closed Monday, May 26 for Memorial Day
PAYNE COUNTY
Disaster Loan Outreach Center
City of Stillwater Community Center, Room 102
315 W. Eighth Ave.(Link is external)
Stillwater, OK 74074(Link is external)
Mondays - Fridays,
9 a.m. - 6 p.m.
Closed Monday, May 26 for Memorial Day
Closes permanently at COB Wednesday, June 11
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
The filing deadline to return applications for physical property damage is July 21, 2025. The deadline to return economic injury applications is Feb. 23, 2026.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.