The U.S. Small Business Administration (SBA) offers disaster loans for home, business and economic injury.
HOME DISASTER LOANS go to homeowners or renters to repair or replace disaster damaged real estate or personal property owned by the victim. Renters are eligible for their personal property losses, including automobiles.
BUSINESS PHYSICAL DISASTER LOANS are given to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., also are eligible.
ECONOMIC INJURY DISASTER LOANS (EIDLS) Working capital loans to help small businesses, small agricultural cooperatives and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
EIDL assistance is available only to entities and their owners who cannot provide for their own recovery from nongovernmental sources, as determined by the SBA.
