March 28 - SBA December and January Floods Informational Session

December & January Floods Informational Session

With the SBA Tomorrow

Please join the SBA RI, CT, and MA District Offices as they are joined by members of the Office of Disaster Recovery & Resilience team to learn about SBA recovery resources and the low-interest federal disaster loans available due to the flooding that occurred December 17-19, 2023, and January 9-13, 2024.

If you are a small business owner, homeowner or renter in Providence, Kent, and Washington counties in Rhode Island, you may apply for Physical Damage and/or Economic Injury Disaster Loan (EIDL) beginning immediately. The contiguous counties of Bristol in Rhode Island, Bristol, Norfolk, and Worcester in Massachusetts, and New London and Windham County in Connecticut affected by this event may apply for Economic Injury for their small business.

Applications for disaster loans may be submitted online using the MySBA Loan  Portal at https://lending.sba.gov

Application Deadlines
Physical Damage: May 20, 2024
Economic Injury: December 23, 2024

Interest Rates
Business Loans:  4% fixed for the life of the loan
Home Loans:  2.688% fixed for the life of the loan

Amount Limits
Business Loan:  $2,000,000
Home Loan:  $500,000 real estate | $100,000 personal property

Loan Terms
Up to 30 years. SBA will determine an appropriate installment payment based on the financial condition of each borrower, which in turn will determine the loan term. Borrowers may be required to provide collateral. 

Thursday, March 28, 2024

9:30 a.m. - 10:30 a.m.

Register Here

For more information, please visit:

December Flooding (RI-20002)

January Flooding (RI-20003)

Please contact the Rhode Island District Office at RhodeIsland_DO@sba.gov if you have any further questions.