Island businesses and other organizations affected by February’s blizzard will have an opportunity to receive relief after the U.S. Small Business Administration (SBA) last week approved Gov. Maura Healy’s request for federal assistance. 

The request came after a record-breaking blizzard slammed New England, leaving hundreds of thousands without power. At the time of the storm, a state of emergency was declared throughout the state of Massachusetts. 

Martha’s Vineyard was one of the hardest hit areas in the state, accumulating more than two feet of snow. A ban on non-essential travel on the Island was implemented during the storm and many businesses were forced to close temporarily.

“Small businesses are the backbone of our economy and our communities, and many are still feeling the effects of the Blizzard of 2026,” said Ms. Healey in the statement. “These loans will help businesses recover from lost revenue, keep their doors open and continue serving their communities and we encourage eligible businesses to apply.” 

According to the statement, loans of up to $2 million with interest rates as low as 4 per cent, for small business, and 3.625 per cent, for nonprofit organizations, may be offered. Payments for the loans will not be due until 12 months after the date of the first loan disbursement.

Island business owners who are looking to apply for a loan or additional support can find assistance online or by phone. 

The Small Business Administration will be at the Oak Bluffs library to help business owners through the process. Assistance will be available from Wednesday through Friday, 10 a.m. to 5 p.m. daily, and on Saturday from 10 a.m. to 2 p.m.

Applicants seeking a disaster relief loan can call the SBA’s Customer Service Center at 800-659-2955 or email [email protected] for more information.