SBA EIDL for Village of Kwigillingok

Updated on: Jan 17, 2025

Latest Event


  • Jan. 2025 FEMA Presidential Declaration
  • On Jan. 13, 2025, FEMA reported President approved disaster declaration for village of Kwigillingok to aid recovery in areas affected by storm, flooding Aug. 15-18, 2024.
  • Public Assistance federal funding is available to Native Village of Kwigillingok and certain private nonprofits on a cost-sharing basis for emergency work.
  • Funds may also be used for the repair or replacement of storm damaged facilities.
  • Funding also available on cost-sharing basis for Village hazard mitigation measures.

On Jan. 13, SBA reported low interest disaster loans for Kwigillingok.

  • SBA offered low interest disaster loans now available to nonprofits organizations in native village of Kwigillingok, due to storm/flooding that occurred Aug. 15–18, 2024.
  • Eligibility
  • Eligible for private nonprofits that provide essential services of a governmental nature.
  • Nonprofits may borrow up $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
  • Also eligible for a 20% loan increase of their physical damages for mitigation purposes.
  • Deadlines
  • Applications for physical property damage due Mar. 11, 2025, and EIDL, Oct. 10, 2025.
  • Jan. 2025 FEMA Presidential Declaration
  • On Jan. 13, 2025, FEMA reported President approved disaster declaration for village of Kwigillingok to aid recovery in areas affected by storm, flooding Aug. 15-18, 2024.
  • Public Assistance federal funding is available to Native Village of Kwigillingok and certain private nonprofits on a cost-sharing basis for emergency work.
  • Funds may also be used for the repair or replacement of storm damaged facilities.
  • Funding also available on cost-sharing basis for Village hazard mitigation measures.
Regulators
SBA
Entity Types
Corp
Reference
FEMA: PR HQ-25-13, 1/13/2025; SBA: PR AK 20956-01, 1/13/2025;
Functions
BCS; Compliance; Operations; Reporting; Research
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Jan 13, 2025
Effective Date
Mar 11, 2025
Rule ID
240130
Linked to
N/A
Reg. Last Update
Jan 13, 2025
Report Section
US Investment