The fastest and easiest way to apply for a disaster loan isonline, 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. Next, gather the documents necessary to complete the application.
People also ask
How can I get SBA disaster loans for my business?
Then, residents there can apply for various forms of federal assistance, including low-interest SBA disaster loans of up to $2 million with loan terms up to 30 years. To qualify, your business must be located in a declared disaster area, have fewer than 500 employees and be considered a small business under the SBA size standards.
How can I get a loan after a disaster?
SBA Loans for Disaster Recovery Long term, low-interest loans from the U.S. Small Business Administration help many disaster survivors to return their disaster-damaged homes or businesses to their pre-disaster condition or better.
What kind of disaster loans are available for small businesses?
Economic injury disaster loans: Working capital loans up to $2 million that can help small businesses and nonprofits meet financial obligations they would ordinarily meet if not for a disaster. You can apply within nine months after the declaration of a disaster.
What is the size of a business loan for disaster relief?
The program limit for business loans is $2 million. This applies to all combined funding paid to a business and its affiliates for each disaster. Other terms and conditions may apply. To qualify, your business or private non-profit organization must have physical damage or economic harm and be located in a declared county.