SBA - U.S. Small Business Administration

09/21/2023 | Press release | Distributed by Public on 09/21/2023 09:21

SBA Expands Incident Period in Vermont for July Storms and Floods

Disaster press release 23-706

SBA Expands Incident Period in Vermont for July Storms and Floods

Expanded Incident Period Makes More Damages Eligible for Assistance
Published on September 21, 2023 by Disaster Field Operations Center East

ATLANTA - The U.S. Small Business Administration (SBA)announced today that it has expanded the incident period for the July severe storms and flooding, making additional damages eligible to be covered by an SBA low-interest disaster loan. Survivors in all declared Vermont counties can apply for federal disaster loans for physical damages that occurred from July 7 through July 21. Previously, the incident period was July 7 through 17.

Business owners, homeowners, renters and private nonprofit organizations affected by the flooding should first register with the Federal Emergency Management Agency (FEMA) at Then, they should complete and submit an SBA disaster loan application by the filing deadline for physical damage of Oct. 12.

The disaster declaration covers Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor counties in Vermont which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Addison, Bennington, Essex, Franklin, Grand Isle, and Orleans in Vermont; Franklin in Massachusetts; Cheshire, Grafton, and Sullivan in New Hampshire; and Clinton, Essex, and Washington in New York.

Disaster survivors with insurance should not wait for their settlement before applying to the SBA. The SBA can make a loan for the total loss and use insurance proceeds to reduce or repay the loan. 

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.   

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs)to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage. 

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property. 

Interest rates are as low as 4 percent for businesses, 2.375 percent for nonprofit organizations, and 2.5 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition. 

Applicants may apply via SBA's secure website at should apply under SBA declaration # 18016. To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.govor download the FEMA mobile app or call the FEMA toll-free helpline at 800-621-3362 or 7-1-1 to access telecommunications relay services.

Disaster loan information and application forms can be obtained by calling the SBA's Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services) or sending an email to [email protected]. Loan applications can be downloaded from Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.  

The filing deadline to return applications for physical property damage is Oct. 12, 2023. The deadline to return economic injury applications is April 15, 2024. 


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

Related programs: Disaster

Media contacts

Michael Lampton
Email[email protected]