SBA Disaster Loans Available in Vermont for Private Nonprofit Organizations Affected by Dec. 2022 Severe Storm and Flooding

The U.S. Small Business Administration (SBA) announced today that certain Private Non Profit organizations (PNPs) in Vermont that do not provide critical services of a governmental nature may be eligible to apply for low-interest disaster loans for damages that occurred from a severe storm  and flooding on Dec. 22-24, 2022.  

Eligible PNP organizations in the following Vermont counties may apply: Chittenden, Essex, Franklin,  Grand Isle, Lamoille, Orange, Orleans and Washington. Examples of eligible non-critical PNP  organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries,  community centers, schools and colleges.  

PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate,  machinery and equipment, inventory, and other business assets. The interest rate is 2.375 percent, with  terms up to 30 years.  

Applicants may be eligible for a loan amount increase of up to 20 percent of their physical damages, as  verified by the SBA, for mitigation purposes. Eligible mitigation improvements might include insulating  pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help  protect property and occupants from future damage caused by a similar disaster. 

The SBA also offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs, such as  ongoing operating expenses for PNP organizations. EIDL assistance is available regardless of whether the organization suffered any physical property damage.  

PNP organizations are urged to contact their county’s emergency manager to provide information  about their organization. The information will be submitted to FEMA to determine eligibility for a Public  Assistance grant or whether the PNP should be referred to SBA for disaster loan assistance. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at and should apply under SBA declaration #17818

Disaster loan information and application forms may also 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 by sending an email to  [email protected]. Loan applications can be downloaded from the SBA’s website at 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 submit applications for physical property damage is May 19, 2023. The deadline  to submit economic injury applications is Dec. 20, 2023. 

Learn More & Apply

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About the U.S. Small Business Administration 

Recently, U.S. SBA Administrator Isabella Casillas Guzman announced a policy change granting 12 months  of no payments and 0 percent interest. This policy change will benefit disaster survivors and help them to  decrease the overall cost of recovery by reducing the amount of accrued interest they must repay. Details  are available through the SBA Disaster Assistance Customer Service Center at 800-659-2955. Individuals  with verbal or hearing impairments may dial 7-1-1 to access telecommunications relay services from 8  a.m. to 8 p.m. ET, Monday to Friday, or email: [email protected]

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