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

SBA can only approve loans to applicants with a reasonable ability to repay the loan and other obligations from earnings. The interest rate will not exceed 4 percent if you cannot obtain credit elsewhere. For businesses and nonprofit organizations with credit available elsewhere, the interest rate will not exceed 8 percent. SBA determines whether the applicant has credit available elsewhere. Repayment terms can be up to 30 years, depending on your ability to repay the loan.

Additional Information

Additional Information
Max Loan Length3 or 30 years
Interest Rate4-8%
Max Loan Amount$2.0 million
Payment FrequencyVaries
Prepayment PenaltiesVaries
Loan Categories
Business books
Business Loans