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SBA offers relief to region’s businesses, nonprofits and residents affected by severe storms

Source: ROI-NJ · Aug 5, 2026, 5:00 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

SBA offers relief to region’s businesses, nonprofits and residents affected by severe storms news image

The U.S. Small Business Administration announced the availability of low-interest federal disaster loans for small businesses, private nonprofits, and residents in New Jersey and Pennsylvania affected by severe storms on July 11.

Governor Josh Shapiro requested the disaster declaration on July 28, which the SBA approved to help affected communities recover.

The loans are designed to provide financial relief to those who suffered losses from the storms and may help bridge recovery gaps not covered by insurance or other assistance programs.

Key points

  • SBA issued disaster declaration following Gov. Shapiro's request for storm-affected areas in NJ and PA
  • Low-interest federal loans available to small businesses, nonprofits, and residents impacted by July 11 storms
  • Disaster declaration issued July 28 in response to severe weather damage
  • Loans designed to help businesses and residents with recovery costs and rebuilding efforts

FAQ

Who is eligible for SBA disaster loans?
Small businesses, private nonprofits, and residents in New Jersey and Pennsylvania affected by the July 11 severe storms are eligible for low-interest SBA disaster loans.
When was the disaster declaration issued?
The SBA issued the disaster declaration on July 28, 2026, following a request from Governor Josh Shapiro in response to the July 11 storms.
What can these loans be used for?
The low-interest federal disaster loans can be used by businesses and residents to recover from storm damage and cover losses related to the severe weather event.

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