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
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:
Economic injury (working capital):
$25,000 (In addition to the Physical
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