SBA Disaster Loans for South Dakota Severe Storm, DR-4938
Possibly. FEMA major disaster declaration DR-4938 (Severe Storms, Straight-Line Winds, Tornadoes, and Flooding), declared September 1, 2026, currently lists FEMA Public Assistance but not Individual Assistance, so SBA disaster loans for South Dakota businesses depend on whether FEMA adds Individual Assistance or the SBA issues its own declaration. Without one, SBA disaster loans under a Public Assistance-only declaration are generally limited to eligible private nonprofit organizations.
DR-4938 at a glance
- Declaration
- DR-4938-SD
- Title
- Severe Storms, Straight-Line Winds, Tornadoes, and Flooding
- Incident type
- Severe Storm
- Declared
- September 1, 2026
- Incident period
- June 28, 2026 to July 3, 2026
- Designated areas
- 10
- FEMA programs
- Public Assistance
- FEMA data updated
- November 6, 2026
Economic Recovery Center is a private company. It is not a government agency and is not the U.S. Small Business Administration (SBA) or FEMA. You can apply for SBA disaster loans directly with the SBA at no cost.
10 designated areas in South Dakota
- IAIndividual Assistance: help for individuals and households
- PAPublic Assistance: help for state, local and tribal governments and certain nonprofits
- HMHazard Mitigation: funding to reduce future disaster risk
- Beadle CountyPA
- Bennett CountyPA
- Buffalo CountyPA
- Crow Creek Indian ReservationPA
- Day CountyPA
- Hand CountyPA
- Hughes CountyPA
- Hyde CountyPA
- Lower Brule Indian ReservationPA
- Stanley CountyPA
Not sure about your county? Check your county with our free Disaster Zone Eligibility Check.
How SBA disaster loans work in declared areas
The U.S. Small Business Administration can make low-interest disaster loans in areas covered by a disaster declaration. Depending on the declaration, these can include physical damage loans to repair or replace property, and Economic Injury Disaster Loans (EIDL) that help cover operating expenses while a business recovers.
The SBA publishes which counties qualify and the deadline to apply for each disaster. Always check sba.gov/disaster and disasterloanassistance.sba.gov for the official declaration and dates. You can apply directly with the SBA at no cost.
Where Economic Recovery Center fits
We prepare compliant, submission-ready SBA disaster loan packages: the eligibility analysis, underwriting and documents the SBA asks for. You submit your own application with a complete file.
If your property was damaged, we connect you with licensed public adjusters who represent you, not the insurance company, on your claim.
Other recent declarations in South Dakota
- DR-4941: Severe Storms, Straight-Line Winds, and Flooding (September 1, 2026)
- DR-4903: Straight-Line Winds (April 7, 2026)
See all active disaster declarations
Source: OpenFEMA Disaster Declarations Summaries. Official FEMA page: fema.gov/disaster/4938. FEMA last updated this data on November 6, 2026.
Hit by the South Dakota severe storm?
Talk with a specialist about your SBA disaster loan package and your insurance claim.