Release Date: April 18, 2025 Contact: Karen.Knapik@sba.gov Release Number: 25-397, WI 21042 Follow us on X, Facebook, Blogs & Instagram 

SBA Offers Disaster Relief to Wisconsin Small Businesses and Private Nonprofits Affected by Excessive Moisture Low interest disaster loans now available 

ATLANTA - 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 Wisconsin who sustained economic losses caused by excessive moisture occurring May 1,  2024 through July 15, 2024. 

The disaster declaration covers the primary counties of Clark, Price, and Taylor and the  adjacent counties of Ashland, Chippewa, Eau Claire, Iron, Jackson, Lincoln, Marathon,  Oneida, Rusk, Sawyer, Vilas, and Wood in Wisconsin. 

Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to  eligible small businesses, small agricultural cooperatives, nurseries, and PNPs 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 not 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 small businesses  and 3.25% 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. 

The deadline to return economic injury applications is December 10, 2025.

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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.