Disaster Loan Assistance for Businesses, Private Nonprofits, Homeowners, and Renters - SBA 08/2020


Current Declared Disasters

Current declared disasters are shown below. Select a state and then a county and click the Filter button to limit the displayed disasters. For Presidential and SBA Agency declared disasters, click on the Incident to view more information about the declaration. Link here to see what is available in your state - https://disasterloan.sba.gov/ela/Declarations

Apply For A Disaster Loan

You can apply online for all types of SBA disaster assistance loans. The online application is the fastest method to receive a decision about your loan eligibility. You have the option of submitting a paper application by mail. For either application, you must submit the completed loan application and a signed and dated IRS Form 4506-T giving permission for the IRS to provide SBA your tax return information. Apply online - https://disasterloan.sba.gov/ela/Account/Login

Types of Disaster Loans SBA provides low-interest, long-term loans for physical and economic damage caused by a declared disaster. Learn more about home and personal property, business and economic injury loans.

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. by the SBA

The SBA low-interest loans have a three step process.

Step one -

 Apply: 1) online; 2) in-person at a disaster center; or 3) by mail.  Apply online at the SBA’s secure website disasterloan.sba.gov/ela.  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 Injury.  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 property

Step two -

 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 property.  A loan officer will determine your eligibility during processing, after reviewing any insurance or other