SBA Disaster Assistance

Learn more about SBA's low-interest disaster loans to help homeowners, renters, and businesses of all sizes recover from declared disasters.

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What is a SBA disaster loan?

An SBA disaster loan is a low-interest loan provided by the Small Business Administration (SBA) to individuals and businesses affected by a declared natural disaster. It helps cover the costs of repairing or replacing damaged property, personal belongings, and even working capital for business operations impacted by the disaster.

Even if no physical damage occurred, these loans are available to homeowners, renters, and most private non-profit organizations, offering potential loan amounts of up to $2 million with flexible repayment terms based on individual circumstances.

Access disaster assistance

Key points about SBA disaster loans:

  • Who can apply? Homeowners, renters, businesses of all sizes, and most private non-profit organizations located within a declared disaster area are eligible to apply for SBA disaster loans.

  • What types of loans are available?

    • Physical Damage Loans: These loans cover the repair or replacement of damaged property, such as homes, businesses, and personal belongings.

    • Economic Injury Disaster Loans (EIDL): These loans provide working capital to businesses impacted by a disaster, even if no physical damage occurred.

  • What expenses are eligible? Eligible expenses include the repair or replacement of damaged property and personal belongings, mitigation measures to prevent future damage, and business operating costs affected by the disaster.

  • How much can you borrow? Loan amounts can go up to $2 million, depending on the applicant’s needs and the disaster’s impact. Additionally, up to $50,000 can be unsecured.

  • What are the interest rates? SBA disaster loans typically offer lower interest rates compared to other loan options. The rates vary depending on the type of loan and the applicant’s situation.

  • What are the repayment terms? Repayment terms can be extended over a long period, making monthly payments more manageable.

  • What's the application process? Applications can be submitted through the SBA website or by contacting your local SBA office.

Get disaster assistance

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Check disaster declarations

See if the SBA has issued a disaster declaration in your area.

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Apply for a disaster loan

Loans are available for businesses and homes affected by disaster.

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Check your status

Log in to your account and check your email for updates.

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