SBA ILL Disaster Aid South Terrace Fire

Published on: Apr 10, 2025

On Apr. 7, SBA offered disaster relief to ILL businesses, nonprofits.

  • Per an administrative disaster declaration issued Apr. 2, SBA offered aid to Illinois businesses, nonprofits, residents affected by South Terrace Apartment Fire of Feb. 22.
  • Provisions
  • The disaster declaration offered both Physical damage loans and Economic injury disaster loans (EIDLs) in Cook County, while EIDLs only are available in collar counties.
  • Application Deadline
  • Deadline for physical damage is Jun. 2, 2025; for EIDLs, deadline is Jan. 2, 2026.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR 25-358, 4/7/2025
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Apr 7, 2025
Effective Date
Jun 2, 2025
Rule ID
249962
Linked to
N/A
Reg. Last Update
Apr 7, 2025
Report Section
US Consumer