how long does the disaster loan assistance take to process

Best answer

Two to three weeks

People also ask

  • How long does it take to get an SBA Disaster Loan?

  • If you do receive an email invitation from the SBA, the timeline to fulfillment is similar to that of the EIDL loans. The SBA estimates that it will take around 21 days to process your case. Disaster Loan Funding Timeline: Final Thoughts

  • How much can you get in disaster assistance loans?

  • If you have a business, you can apply for up to $2 million total in disaster assistance loans. This $2 million limit can include physical damages and documented losses from economic injury combined. If you own a home and your property was damaged by the disaster, you鈥檙e eligible for up to $200,000 to repair or replace real estate.

  • How do I apply for a disaster loan?

  • You can apply by mail, onsite at a Disaster Recovery Center, or online. (Online is the fastest way to apply and get a decision about your Disaster Loan eligibility).

  • How long will it take to receive my loan disbursement?

  • SBA will prepare and send your Loan Closing Documents to you for your signature. Once we receive your signed Loan Closing Documents, an initial disbursement will be made to you within 5 days:

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