you are in a declared disaster area and are the victim of a disaster,
you may be eligible for financial assistance from the U.S. Small
Business Administration - even if you don't own a business. As a
homeowner, renter and/or personal-property owner, you may apply to the
SBA for a loan to help you recover from a disaster.
Insurance Proceeds: If you have insurance coverage on your personal
property/home, the amount you will receive from the insurance company
will be deducted from the total damage to your property in order to
determine the amount for which you are eligible to apply to the SBA.
General Program Requirements
be eligible for a Disaster Loan, an individual must be located in a
Declared Disaster Area. Insurance proceeds, or any other type of
compensation must be either first used or pledged to the loan. This
prevents duplication of benefits and allows SBA to reach more disaster
interest rate is no more than 8% for applicants that can obtain credit
elsewhere; no more than 4% for applicants that can not get credit
The length of the loan is 30 years, with a maximum of $200,000 for Real Estate; $40,000 for Personal Property.
For more information, see the Program Contact Information below.
Program Contact Information
For more information about this program, please
U.S. Small Business Administration