Federal Disaster program  for Businesses,  Nonprofits, Homeowners, and Renters

About Disaster Loans
The U. S. Small Business Administration (SBA) provides low-interest, long-term disaster loans to businesses of all sizes, private non-profit
organizations, homeowners, and renters to repair or replace uninsured/underinsured disaster damaged property. SBA disaster loans offer an
affordable way for individuals and businesses to recover from declared disasters.
 Apply: 1) online; 2) in-person at a disaster center;
or 3) by mail.
 Apply online at the SBA’s secure website
 As a business of any size, you may borrow up to
$2 million for physical damage.
 As a small business, small agricultural
cooperative, small business engaged in
aquaculture, or private non-profit organization
you may borrow up to $2 million for Economic
 As a small business, you may apply for a
maximum business loan (physical and EIDL) of
$2 million.
 As a homeowner you may borrow up to
$200,000 to repair/replace your disaster
damaged primary residence.
 As a homeowner or renter, you may borrow up
to $40,000 to repair/replace damaged personal
 SBA reviews your credit before conducting
an inspection to verify your losses.
 An SBA verifier will estimate the total
physical loss to your disaster damaged
 A loan officer will determine your eligibility
during processing, after reviewing any
insurance or other recoveries. SBA can make
a loan while your insurance recovery is
 A loan officer works with you to provide all
the necessary information needed to reach a
loan determination. Our goal is to arrive at a
decision on your application within
2 – 3 weeks.
 A loan officer will contact you to discuss the
loan recommendation and your next steps.
You will also be advised in writing of all loan
 SBA will prepare and send your Loan Closing
Documents to you for your signature.
 Once we receive your signed Loan Closing
Documents, an initial disbursement will be
made to you within 5 days:
 Physical damage:
 $25,000
 Economic injury (working capital):
 $25,000 (In addition to the Physical
damage disbursement)
 A case manager will be assigned to work with
you to help you meet all loan conditions. They
will also schedule subsequent disbursements
until you receive the full loan amount.
 Your loan may be adjusted after closing due
to your changing circumstances, such as
increasing the loan for unexpected repair
costs or reducing the loan due to additional
insurance proceeds.