WASHINGTON — The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Minnesota to offset economic losses caused by adverse weather conditions.
The disaster declarations cover the counties below:
Disaster Number: MN-20025
Primary Counties: Pope
Neighboring Counties: Douglas, Grant, Kandiyohi, Stearns, Stevens and Swift.
Incident Type: High Winds, Hail and Lightning
Incident Date: June 2 – 28, 2025
Deadline: Dec. 1
Disaster Number: MN-20026
Primary Counties: Kandiyohi
Neighboring Counties: Chippewa, Meeker, Pope, Renville, Stearns and Swift
Incident Type: Excessive Rain
Incident Date: June 12 – Aug 18, 2025
Deadline: Dec. 1
Disaster Number: MN-20027
Primary Counties: Carver
Neighboring Counties: Hennepin, Mcleod, Scott, Sibley and Wright
Incident Type: Excessive Rain
Incident Date: June 25 -30 2025
Deadline: Dec. 1
Under these declarations, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs – including faith-based organizations – with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the 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.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with terms 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.
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.
Submit completed loan applications to the SBA no later than Dec. 1.
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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.