Over $10.1 Million in SBA Relief Approved to Assist Kentucky Rebuild Affected by Severe Storms, Straight-Line Winds, and Tornadoes

WASHINGTON – The U.S. Small Business Administration (SBA) has approved more than $10.1 million in federal disaster loans to support Kentucky businesses, nonprofits, homeowners, and renters affected by severe storms, straight-line winds, and tornadoes occurring May 16-17, 2025. As of Aug. 6, 2025, the SBA has provided over $9.8 million to residents and $278,100 businesses in the wake of this disaster.

“Surpassing $10.1 million in disaster loans reflects more than just numbers — it represents small businesses reopening, families returning home and communities rebuilding more effectively,” said Chris Stallings, associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “These loans provide vital support for recovery, and we encourage anyone still in need to apply before the deadline.”

The SBA’s Economic Injury Disaster Loan (EIDL) program is still available to small businesses, small agricultural cooperatives and private nonprofit (PNP) organizations with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.