The U.S. Small Business Administration (SBA) offers affordable financial help to businesses and private non-profit organizations in declared disaster areas. Help is available in the form of low-interest, long-term loans for losses not fully covered by insurance or other means.
SBA's disaster loans are the main federal assistance offered for the repair and rebuilding of non-farm, private sector disaster losses. This is our only direct loan program and it is not limited to small businesses.
Businesses of all sizes as well as private non-profit organizations may borrow up to $2 million to repair or replace the following:
- Damaged or destroyed real estate
- Machinery and equipment
- Inventory and other business assets
In some cases, SBA may be able to refinance all or part of a prior mortgage or lien. We may also be able to increase the loan up to 20 percent of the confirmed physical losses.
You could use the loan increase to make improvements that reduce the risk of damage by future disasters. This could include improvements like retaining walls, seawalls, sump pumps, safe rooms, and storm shelters.
The SBA offers Economic Injury Disaster Loans (EIDL) up to $2 million to help meet working capital needs caused by the disaster. Any of the following may qualify for EIDL:
- Small businesses
- Small agricultural cooperatives
- Small businesses engaged in aquaculture
- Most private non-profit organizations of all sizes
EIDL help is available whether the business had any physical property damage or not.
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.
General Program Requirements
To qualify, your business or private non-profit organization must have physical damage or economic harm and be located in a declared county.
If you're a homeowner or renter and want to apply for SBA assistance, you must first apply with FEMA. You may apply to FEMA on DisasterAssistance.gov.
If you want to apply by phone, please call the FEMA Disaster Assistance Helpline:
- 1-800-621-3362 (also for 711 & VRS)
- TTY 1-800-462-7585
To apply with SBA, you may apply online at any time using SBA's Disaster Loan Application.
To get personal, one-on-one help from an SBA representative, you may also apply in person at one of the centers below:
- FEMA Disaster Recovery Center (DRC)
- SBA Disaster Loan Outreach Center
- SBA Business Recovery Center
To find a center near you, or for help to apply by mail, contact our Customer Service Center; see contact section below.
If you prefer to mail your application to SBA, please use the following address:
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, Texas 76155