ATLANTA - The U.S. Small Business Administration (SBA) is encouraging businesses, private nonprofits (PNPs) and residents in Kentucky, who sustained damages due to severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides beginning on April 2, 2025 to apply to the federal disaster loan program before the July 25 deadline.
Disaster survivors do not need to wait for insurance settlement to apply for an SBA disaster loan. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA can make a low interest disaster loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay the loan.
The disaster declaration covers the primary counties of Anderson, Breckinridge, Bullitt, Butler, Calloway, Carroll, Christian, Clark, Daviess, Franklin, Garrard, Grayson, Hancock, Hardin, Hart, Henderson, Henry, Hopkins, Jefferson, Jessamine, LaRue, Lincoln, McCracken, McLean, Meade, Mercer, Muhlenberg, Nelson, Ohio, Oldham, Owen, Pendleton, Powell, Trimble, Warren, Webster, and Woodford, which are eligible for both physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA.
Small businesses and most PNP organizations in the following adjacent counties are eligible to apply for SBA EIDL assistance: Allen, Ballard, Barren, Bourbon, Boyle, Caldwell, Campbell, Carlisle, Casey, Crittenden, Edmonson, Estill, Fayette, Gallatin, Grant, Graves, Green, Harrison, Kenton, Lee, Livingston, Logan, Madison, Marion, Marshall, Menifee, Metcalfe, Montgomery, Pulaski, Rockcastle, Scott, Shelby, Simpson, Spencer, Taylor, Todd, Trigg, Union, Washington, and Wolfe in Kentucky. In Illinois the counties of Massac and Pulaski are eligible, In Indiana the counties of Clark, Crawford, Floyd, Harrison, Jefferson, Perry, Posey, Spencer, Switzerland, Vanderburgh, and Warrick are eligible. In Ohio Clermont County is eligible and in Tennessee the counties of Henry, Montgomery, and Stewart are eligible.
Businesses and nonprofits impacted by the declared disaster should apply for business physical disaster loans and economic injury loans. Applicants may be eligible to borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets or working capital
Homeowners and renters impacted by the declared disaster should apply for home and personal property loans. Applicants may be eligible to borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may be eligible for up to $500,000 to replace or repair their primary residence.
SBA’s EIDL program is available to eligible small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to this disaster even if they did not suffer any physical damage. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
Interest rates are as low as 4% for small businesses, 3.625% 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.
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 25, 2025. The deadline to return economic injury applications is Jan. 26, 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.