Disaster assistance

Explore SBA’s low-interest disaster loans to help homeowners, renters, and businesses of all sizes recover from declared disasters.

• Businesses of all sizes
• Homeowners
• Renters
• Private nonprofit organizations

You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan.

• Losses not covered by insurance or funding from the Federal Emergency Management Agency for both personal and business
• Business operating expenses that could have been met had the disaster not occurred

Loans to cover repairs and replacement of physical assets damaged in a declared disaster.

If you live in a declared disaster area and have experienced damage to your home or personal property, you may be eligible for financial assistance from SBA — even if you do not own a business. As a homeowner, renter, or personal property owner, you may apply to SBA for a loan to help you recover from a disaster. If you live in a declared disaster area and have experienced damage to your home or personal property, you may be eligible for financial assistance from SBA — even if you do not own a business. As a homeowner, renter, or personal property owner, you may apply to SBA for a loan to help you recover from a disaster.

• Homeowners may apply for up to $500,000 to replace or repair their primary residence.
• Renters and homeowners may borrow up to $100,000 to replace or repair personal property — such as clothing, furniture, cars, and appliances — damaged or destroyed in a disaster.
• Secondary homes or vacation properties are not eligible for these loans. However, qualified rental properties may be eligible for assistance under SBA’s business physical disaster loan program.
• These loans cover disaster losses not fully covered by insurance or other sources. Proceeds from insurance coverage on home or property may be deducted from the eligible loan amount.

• First payment deferred for 12 months 
• No interest accrual for the first 12 months 

For applicants unable to obtain credit elsewhere:

• The interest rate will not exceed 4%
• SBA will determine whether an applicant can obtain credit elsewhere

• Up to 30 years
• No pre-payment penalty or fees

If you own a business located in a declared disaster area that has experienced damage, you may be eligible for financial assistance from SBA. Businesses of any size and most private non-profit organizations may apply to SBA for a loan to recover after a disaster.

• Up to $2 million to qualified businesses or most private nonprofit organizations to cover disaster losses not fully covered by insurance.
• Covers disaster losses not fully covered by insurance or other sources. If required to apply insurance proceeds to an outstanding mortgage on the damaged property, that amount can be included in your disaster loan application.
• Proceeds from insurance coverage on business property may be deducted from the eligible loan amount.

• First payment deferred for 12 months 
• No interest accrual for the first 12 months 

For applicants unable to obtain credit elsewhere:

• The interest rate will not exceed 4%

For applicants who can obtain credit elsewhere:

• The interest rate will not exceed 8%

SBA will determine whether an applicant can obtain credit elsewhere.

• Up to 30 years, depending on ability to repay the loan
• No pre-payment penalty or fees