SBA - U.S. Small Business Administration
03/18/2026 | Press release | Distributed by Public on 03/19/2026 07:07
SBA Offers Disaster Relief to Illinois Businesses, Private Nonprofits and Residents Affected by Severe Storms and Flooding
Disaster news release IL-20019-01
SBA Offers Disaster Relief to Illinois Businesses, Private Nonprofits and Residents Affected by Severe Storms and Flooding
Low interest disaster loans now available
Published on March 18, 2026 by Office of Disaster Recovery & Resilience
WASHINGTON-The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for Illinois small businesses, private nonprofits, and residents affected by severe storms and flooding occurring Aug. 16 - 19. The SBA issued a disaster declaration in response to a request received from Gov. J.B. Pritzker on March 12.
The declaration covers the Illinois counties of Cook, DuPage, Kane, Lake, McHenry and Will as well as Indiana county of Lake which are eligible for both physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA.
Businesses and private nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
"When disasters strike, SBA's Disaster Loan Outreach Centers play a vital role in helping small businesses and their communities recover," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "At these centers, SBA specialists assist business owners and residents with disaster loan applications and provide information on the full range of recovery programs available."
SBA's EIDL program is available to small businesses, small agricultural cooperatives and private nonprofit (PNP) organizations with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are for working capital needs caused by the disaster and are available even if the business did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
Interest rates are as low as 4% for businesses, 3.625% for PNPs, and 3% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant's financial condition.
Beginning Friday, March 20, SBA customer service representatives will be on hand at the Disaster Loan Outreach Centers in the primary county of Cook to answer questions about SBA's disaster loan program, explain the application process and help individuals complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov.
The DLOC hours of operation are listed below:
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Disaster Loan Outreach Center (DLOC) Cook County Ward 23 - Alderman Tabares Suite 100 Chicago, IL 60638 Opening: Friday, March 20, 11 a.m. to 4:30 p.m. Hours: Monday - Thursday, 8:30 a.m. to 4:30 p.m. Friday - 8:30 a.m. to 2:30 p.m. Closed: Saturday and Sunday Permanently Closing: Thursday, April 2 at 4:30 p.m. |
Disaster Loan Outreach Center (DLOC) Cook County Ward 22 - Alderman Rodriguez Chicago, IL 60623 Opening: Friday, March 20, 11 a.m. to 5 p.m. Hours: Monday - Friday, 9 a.m. to 5 p.m. Closed: Saturday and Sunday Permanently Closing: Thursday, April 2 at 5 p.m. |
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Disaster Loan Outreach Center (DLOC) Cook County Ward 13 - Alderman Quinn Chicago, IL 60629 Opening: Friday, March 20, 11 a.m. to 5 p.m. Hours: Monday - Friday, 9 a.m. to 5 p.m. Closed: Saturday and Sunday Permanently Closing: Thursday, April 2 at 5 p.m. |
Disaster Loan Outreach Center (DLOC) Cook County Mt. Prospect Emergency Operations Center Mt. Prospect, IL 60056 Opening: Friday, March 20, 11 a.m. to 6:30 p.m. Hours: Monday - Friday, 11 a.m. to 6:30 p.m. Saturday - 11 a.m. to 3 p.m. Closed: Sunday Permanently Closing: Thursday, April 9 at 6:30 p.m. |
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Disaster Loan Outreach Center (DLOC) Cook County Village of Berwyn Senior Services Berwyn, IL 60402 Opening: Friday, March 20, 11 a.m. to 5 p.m. Hours: Monday - Friday, 9 a.m. to 5 p.m. Saturday - 10 a.m. to 2 p.m. Closed: Sunday Permanently Closing: Thursday, April 9 at 5 p.m. |
Disaster Loan Outreach Center (DLOC) Cook County Summit Park District Summit, IL 60501 Opening: Friday, March 20, 11 a.m. to 5 p.m. Hours: Monday - Friday, 8 a.m. to 5 p.m. Closed: Saturday and Sunday Permanently Closing: Thursday, April 9 at 5 p.m. |
To apply online, visit sba.gov/disaster. Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
The filing deadline to return applications for physical property damage is May 15. The deadline to return economic injury applications is Dec. 16.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit https://www.sba.gov.
Related programs: Disaster
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SBA - U.S. Small Business Administration published this content on March 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 19, 2026 at 13:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]