Step 2: Apply For A Disaster Loan (sba.gov) [disasterloanassistance.sba.gov]. The section “What You Need to Know” provides information on the SBA federal low-interest disaster loans for businesses of all sizes, most private nonprofit organizations (including places of worship), homeowners, and renters.
Note: Homeowners and renters should submit their SBA disaster loan application, even if they are not sure if they will need or want a loan. If SBA cannot approve your application, in most cases we refer the applicant to FEMA’s Other Needs Assistance (ONA) program for possible additional assist.
WHAT YOU NEED TO KNOW
SBA offers federal low-interest disaster loans to businesses of all sizes, most private nonprofit organizations, homeowners, and renters.
Businesses of any size may borrow up to $2 million to repair and replace damaged property and working capital needs caused by the disaster.
Small businesses, small businesses engaged in aquaculture, and most private nonprofit organizations (including places of worship) may borrow up to $2 million to repair and replace damaged property and working capital needs caused by the disaster.
If over 50% of revenue is carried from agricultural, farming, and ranching business-contact your local United States Department of Agriculture (USDA) and Farm Service Agency (FSA) for available programs.
If you are a homeowner or renter, FEMA may refer you to SBA.
Homeowners may borrow up to $200,000 to repair or replace their primary residence.
Homeowners and renters may borrow up to $40,000 to replace personal property, including vehicles.