Two to three weeks
People also ask
How long does it take to apply for a disaster loan?
Luckily, a disaster loan application takes 3 minutes or less when applying through us at REIL Capital. We鈥檝e streamlined the process and are able to provide you with a quick, online application. Visit us to apply for our SBA disaster loan within minutes.
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 SBA Disaster Loan?
The fastest and easiest way to apply for a disaster loan is online, although you can also apply via mail. To begin the process, the first step is to register with the SBA Disaster Loan Assistance portal, which will allow you to save and come back to an application in process.
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: