Not a Small Business? Contact the SBA anyway

posted almost 3 years ago by lizaloop from LO*OP Center, Inc. Labels: sba loans money funds funding financial financial-help
This update is over 30 days old.

SBA is not just for commercial businesses. Disaster assistance loans are designed to provide recovery capital to businesses of all sizes, most private nonprofit organizations, as well as homeowners and renters, for their losses that are not fully covered by insurance or other compensation.

You may be eligible for a Home Disaster Loan – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles. There is a limit of $40,000 to repair or replace personal property. Subject to these maximums, loan amounts cannot exceed the verified uninsured disaster loss.

Ineligible Property – Secondary homes, personal pleasure boats, airplanes, recreational vehicles and similar property are not eligible, unless used for business purposes. Property such as antiques and collections are eligible only to the extent of their functional value. Amounts for landscaping, swimming pools, etc., are limited.

Loan applicants should check with agencies / organizations administering any grant or other assistance program under this declaration to determine how an approval of SBA disaster loan might affect their eligibility.

You may use your SBA disaster loan to relocate. The amount of the relocation loan depends on whether you relocate voluntarily or involuntarily. If you are interested in relocation, an SBA representative can provide you with more details on your specific situation.

Applicants may apply online, receive additional disaster assistance information and download applications at Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

See for more information.


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