BOSTON — Gov. Maura Healey is encouraging businesses in Essex, Middlesex and Worcester that experienced economic losses due to extreme weather from May 1 through June 18, 2025, to apply for newly available low-interest federal disaster loans from the U.S. Small Business Administration.
The SBA announced the availability of these loans earlier this week through a disaster declaration that covers parts of Massachusetts and New Hampshire.
“Our small businesses and nonprofits are the backbone of our communities. This assistance will help organizations in Massachusetts recover from the impacts of last year’s extreme weather and continue serving their communities,” said Healey. “We want to make sure eligible businesses and nonprofits know this support is available and take advantage of these low-interest loans to help them recover and grow.”
“This federal assistance is an important step in helping our small businesses and nonprofits recover from the lasting impacts of last year’s extreme weather,” said Lt. Gov. Kim Driscoll.
Under this declaration, eligible small businesses and private nonprofit organizations may apply for Economic Injury Disaster Loans to help cover working capital needs caused by the disaster, even if they did not experience physical damage.
These loans can be used to pay fixed debts, payroll, accounts payable and other bills that could have been met had the disaster not occurred.
The SBA offers affordable loan terms, including low interest rates and long repayment periods, to help ease the financial burden on impacted organizations. Applications are available online through the SBA’s secure website, and in-person assistance will be offered at SBA Disaster Loan Outreach Centers as they are announced.
For more information about eligibility and the application process, businesses and nonprofits are encouraged to visit the SBA’s official website or contact the SBA Customer Service Center.