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Oregon Disaster Loans Available for Businesses and Residents After 2025 Storms
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Following severe storms, flooding, landslides, and mudslides that impacted Oregon in March and April of 2025, the U.S. Small Business Administration (SBA) has approved Governor Kotek’s request for SBA Administrative Declarations, making Oregon disaster loans accessible to those affected. This declaration,announced by the Oregon Department of Emergency Management (OEM),provides crucial financial assistance to businesses,homeowners,renters,and nonprofit organizations within the designated disaster areas.
Who Can Apply for Disaster Loans in Oregon?
The SBA disaster declaration covers specific counties impacted by the severe weather events. These include:
- Coos, Curry, Douglas, Jackson, Josephine, Klamath, and Lane Counties (for flooding between March 13-20, 2025)
- Crook, Deschutes, Grant, Harney, Lake, and Malheur Counties (for flooding between March 12-April 15, 2025)
If your property or business is located within these counties and sustained damage or economic injury due to the storms and flooding, you are encouraged to apply for assistance.
Types of Disaster Loans Available
The SBA offers several types of loans to help Oregon residents and businesses recover:
- Home Loans: Up to $500,000 for property damage and $100,000 for personal belongings.
- Business Loans: Up to $2 million for physical damages to business property.
- Economic Injury Disaster Loans (EIDL): Up to $2 million to help businesses overcome economic losses resulting from the disaster.
Did You Know? The SBA is the primary source of money for the government to help the recovery of property damage caused by a declared disaster.
Key Application Deadlines for Oregon Disaster Assistance
It is crucial to adhere to the application deadlines to ensure your eligibility for disaster loan assistance.the deadlines vary depending on the specific disaster period and the type of loan:
March 13-20,2025 Flooding (Coos,Curry,Douglas,Jackson,Josephine,Klamath,and Lane Counties):
March 12-April 15,2025 Flooding (Crook,Deschutes,grant,Harney,Lake,and Malheur Counties):
- Physical Damage Loans: August 25,2025
- Economic Injury Loans: March 25,2026
Pro Tip: Gather all necessary documentation,such as insurance information,damage assessments,and financial records,before starting your application to expedite the process.
How to Apply for an Oregon Disaster Loan
There are several ways to apply for disaster assistance:
- Online: visit the SBA’s online application portal at https://lending.sba.gov.
- In-Person: Application centers are available in douglas County at 738 W. harvard Avenue, Roseburg 97470, and in Harney County at the Harney County Senior & Community Services Center, 17 S Alder Ave Burns OR 97720. Additional locations may be announced.
| Loan Type | Maximum Amount | Use | Application Deadline |
|---|---|---|---|
| Home loans | $500,000 (property), $100,000 (Belongings) | Repair or replace damaged property and belongings | August 25, 2025 (Physical Damage) |
| Business Loans | $2,000,000 | Repair or replace damaged business property | August 25, 2025 (physical Damage) |
| EIDL | $2,000,000 | cover economic losses due to the disaster | March 24/25, 2026 (Economic Injury) |
Need Assistance?
For questions or assistance with your application, contact:
- Sharon Henderson, Office of Disaster Recovery & Resilience, U.S.Small Business Administration: (202) 205-6734, disastercustomerservice@sba.gov
- SBA toll-Free Helpline: 1-800-659-2955 (TTY: 7-1-1)
For more information