Kentucky Declared Major Disaster Area

Kentucky Disaster: SBA Offers Disaster Loans Following Severe Weather

Washington D.C. – The U.S. Small Business Governance (SBA) is offering low-interest disaster loans to Kentucky businesses and residents after president Issued a major disaster declaration on May 23, 2025. This declaration follows the severe storms, straight-line winds, and tornadoes that struck the commonwealth between May 16 and May 17, 2025.

The disaster declaration covers several counties in Kentucky, making residents and businesses eligible for financial assistance to recover from property damage and economic losses.

Key Dates and Deadlines for kentucky Disaster Assistance

Understanding the timelines is crucial for accessing the available support.

• Physical Damage Loan Application Deadline: July 22, 2025
• economic Injury (EIDL) Loan Application Deadline: February 23, 2026

Who is Eligible for These Disaster Loans?

The SBA has identified specific areas as being adversely affected by the recent severe weather events.

• Primary counties (Physical Damage and Economic Injury Loans): Caldwell, Laurel, Pulaski, Russell, Trigg, Union.
• Contiguous Counties (Economic Injury Loans Only): Adair, Calloway, Casey, Christian, Clay, Clinton, crittenden, Cumberland, Henderson, hopkins, Jackson, Knox, Lincoln, Lyon, Marshall, McCreary, Rockcastle, Wayne, Webster, Whitley (Kentucky); Gallatin, Hardin (Illinois); Posey (Indiana); Stewart (Tennessee).

Pro tip: Even if your county isn’t listed, check with the SBA. Disaster declarations sometimes expand as damage assessments continue.

Interest Rates for SBA Disaster Loans

The interest rates for these disaster loans vary depending on your situation. Here’s a breakdown:

Loan Type	Credit Available Elsewhere	Interest Rate
Physical Damage (Homeowners)	Yes	5.625%
Physical Damage (Homeowners)	No	2.813%
Physical Damage (businesses)	Yes	8.000%
Physical Damage (Businesses)	No	4.000%
Physical Damage (Non-Profits)	Yes	3.625%
Physical Damage (Non-Profits)	No	3.625%
Economic Injury (Businesses/Small Agricultural Cooperatives)	No	4.000%
Economic Injury (Non-Profits)	No	3.625%

Did You Know? the SBA is the only federal agency dedicated to helping small businesses get started, grow, and recover from disasters.

How to Apply for SBA Disaster Assistance

Applications for disaster loans can be submitted online through the MySBA Loan Portal.

For additional assistance, contact the SBA disaster assistance customer service center by email or by phone at 1-800-659-2955.

understanding SBA Disaster Loans: An Evergreen Guide

SBA disaster loans are a critical resource for communities recovering from natural disasters. These loans can help businesses and homeowners repair or replace damaged property,as well as cover economic losses.

Types of SBA disaster Loans

• Physical Disaster Loans: These loans cover the repair or replacement of damaged property, including real estate, personal property, machinery, and equipment.
• Economic Injury Disaster Loans (EIDL): EIDLs help small businesses, small agricultural cooperatives, and most private non-profit organizations meet their financial obligations and operating expenses that could have been met had the disaster not occurred.

Preparing Your Application

Before applying for an SBA disaster loan, gather all necessary documentation, including:

• Proof of identity
• Proof of address
• Insurance information
• Financial statements (for businesses)
• Damage estimates

A well-prepared application can substantially speed up the approval process.

Frequently Asked Questions About SBA Disaster Loans

Who is eligible for SBA disaster loans in Kentucky?

Homeowners, renters, and businesses in the primary counties (Caldwell, Laurel, Pulaski, Russell, Trigg, and Union) are eligible for physical damage and economic injury disaster loans. contiguous counties are eligible for economic injury loans only.

What is the deadline to apply for a physical damage SBA disaster loan?

The deadline to apply for a physical damage SBA disaster loan is July 22, 2025.

What is the deadline to apply for an economic injury SBA disaster loan (EIDL)?

The deadline to apply for an Economic Injury Disaster Loan (EIDL) is February 23, 2026.

How can I apply for an SBA disaster loan?

You can apply for an SBA disaster loan online through the MySBA Loan Portal or at locally announced locations. Visit the SBA website for more information.

What are the interest rates for SBA disaster loans?

Interest rates vary depending on whether credit is available elsewhere and the type of loan.For homeowners without credit available elsewhere, the rate is 2.813%. For businesses without credit available elsewhere, it is 4.000%.

Were you affected by the Kentucky storms? Do you have questions about the SBA disaster loan program? Share your experiences and insights in the comments below.

What specific types of disaster-related mental health services are available to individuals and families affected by a declared disaster in Kentucky?

kentucky Declared Major Disaster Area: Understanding the Impact and Available Aid

The declaration of a Kentucky Major Disaster Area by the federal government signifies a meaningful event that caused widespread damage, loss, and hardship within the state. This designation, triggered by severe weather events like flooding, tornadoes, or other natural disasters, unlocks vital financial assistance and resources for affected individuals and communities. This article delves into the details of the disaster declarations, the types of disaster relief available, and how kentuckians and businesses can access the aid they need.

Understanding the Major disaster Declaration in Kentucky

A major disaster declaration is issued by the President of the United States in response to events that overwhelm state and local resources. This declaration, following a request from the Governor, allows the Federal Emergency Management Agency (FEMA) and other federal agencies to provide assistance. The process typically involves:

• Damage Assessment: The assessment phase is undertaken by FEMA and state officials to determine the extent of the damage.
• Governor’s Request: The Governor of Kentucky formally requests federal assistance.
• Presidential Declaration: The President reviews the request and, if approved, declares a major disaster.

This declaration triggers the release of federal funds, allowing for a coordinated response to help Kentuckians recover and rebuild after devastating events, such as the devastating Kentucky tornadoes of December 2021.

key Implications of a Disaster Declaration for Kentucky Residents

The designation of a major disaster area brings immense benefits to impacted communities. Here are some key implications:

• Individual Assistance: Offers financial support for housing repairs or replacement, medical expenses, funeral costs, and other needs.
• Public Assistance: Provides reimbursement to state and local governments for emergency protective measures, debris removal, and the repair of infrastructure.
• Hazard Mitigation: Supports long-term strategies to mitigate the impact of future disasters.
• Small Business Administration (SBA) Loans: Low-interest loans for businesses to recover.

Types of Federal Aid Available in a Kentucky Disaster area

Following a Kentucky disaster declaration, a variety of federal aid programs become available.The specifics of the aid packages vary based on the nature and severity of the disaster. The primary source of Kentucky disaster assistance is frequently enough FEMA.

Here’s a breakdown of some critical aid programs:**

Type of Assistance	description	Eligibility
Individual Assistance grants	Financial aid for eligible individuals and households who have sustained losses due to the disaster. This includes housing assistance, medical expenses, and other serious needs.	U.S.citizens, non-citizen nationals, and qualified aliens who have suffered disaster-related losses in the designated disaster area.
Public Assistance Grants	Funding for state and local governments, tribal governments, and certain private non-profit organizations. Provides assistance for emergency work, debris removal, and the repair or replacement of damaged infrastructure.	State, Local, and Tribal Governments, and certain Private Nonprofit Organizations.
SBA Disaster Loans	Low-interest loans for homeowners,renters,and businesses (including small businesses) to help recover from the disaster. They may be used to repair or replace damaged property and to cover operating expenses.	Businesses (large and small), Renters and Homeowners.

Kentucky homeowners insurance and flood insurance policies can also play a crucial role in recovery, providing financial cushioning to residents.However, these often also play a role in defining the assistance needed.

How to Apply for Disaster Assistance in Kentucky

If you’ve been affected by a declared disaster in Kentucky, taking prompt action is crucial.Here’s a step-by-step guide to applying for aid:

1. gather Information: Collect yoru insurance policies, identification documents, and information about your losses.
2. Register with FEMA: Register online at DisasterAssistance.gov or call the FEMA helpline.
3. Complete the Request: Fill out the FEMA application accurately and entirely.
4. Document Your Losses: Take photos and document all damage. Keep receipts and other supporting documentation.
5. Follow Up: Check the status of your application and respond promptly to any requests for additional information.

Additional resources may become available, varying for each major disaster. Always check official sources for the most recent updates.

Where to Find Official Information and Resources

• FEMA Website: Visit FEMA.gov for extensive information on disaster assistance.
• Kentucky Emergency Management Agency (KEMA): KEMA’s website (typically a .gov domain) is a valuable resource for state-specific information.
• Local Government Websites: Check your county or city’s official website for local alerts and information on available resources.

Stay updated on the latest developments. Monitor local news and weather alerts for updates.

Related Search Terms: Kentucky disaster relief, FEMA disaster Kentucky, disaster assistance Kentucky, Kentucky flooding, How to get help after a disaster in Kentucky, Kentucky tornado relief, Kentucky earthquake, Kentucky storm damage, disaster declaration in Kentucky.