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Oregon Municipality News · PRACTICAL EXPLAINER

Oregon businesses can seek SBA disaster loans for wildfire and drought losses

Staff Writer · 2026-10-08

Oregon says eligible small businesses, small agricultural cooperatives, aquaculture businesses and most private nonprofits in designated counties may apply for federal working-capital disaster loans tied to the July 15–August 24 wildfires or one of four 2026 drought periods.

The wildfire declaration covers 25 Oregon counties and carries a July 1, 2027 application date. Separate drought declarations have application dates of March 1, April 13 or May 10, 2027, depending on the county and when the drought began; applicants should match their county and loss event to the correct declaration on the official source page.

The U.S. Small Business Administration says Economic Injury Disaster Loans may provide up to $2 million for ordinary operating expenses that could have been paid without the disaster. The announced rates are 4 percent for businesses and small agricultural cooperatives and 3.625 percent for private nonprofits, with terms of as long as 30 years based on the borrower’s ability to repay.

These are working-capital loans, not grants or household assistance, and the proceeds cannot be used to refinance long-term debt. The state notice says applicants may apply through the SBA disaster portal and may contact the agency by telephone or email for help; borrowers may also be required to maintain appropriate insurance.

The U.S. Department of Agriculture issued the disaster designation on September 21, and SBA issued the related declarations on September 24. The official notice provides the full county lists and directs applicants to MySBA for forms and current declaration details.

Official source: Oregon Department of Emergency Management

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