Program Description

If you are in a declared disaster area and have experienced damage to your business, you may be eligible for financial assistance from the Small Business Administration (SBA). Businesses of any size and most private nonprofit organizations may apply to the SBA for a loan to recover after a disaster.

Program Requirements

To be eligible for this benefit program, your business or private non-profit organization must meet both of the following:

  • Has sustained physical damage.
  • Is located in a disaster declared county.

Loan Terms

The SBA can provide up to $2 million in disaster assistance to a business. The $2 million loan cap includes both physical disaster loans and EIDLs. There are no upfront fees or early payment penalties charged by SBA. The loan term is up to 30 years and determined by the businesses ability to repay.

Additional Information

Additional Information
Max Loan Length3 or 30 years
Interest RateCannot exceed 4% if no credit elsewhere. Cannot exceed 8% if credit available elsewhere
Max Loan Amount$2.0 million
Payment FrequencyMonthly
Prepayment PenaltiesNo
Loan Categories
Business books
Business Loans