Disaster Assistance Loans


To provide loans to the survivors of declared disasters for uninsured or otherwise uncompensated physical damage and economic injury.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Small Business Administration
Type(s) of Assistance Offered
E - Direct Loans
Program Accomplishments
Fiscal Year 2022 In FY 2022, the SBA approved natural disaster loans totaling over $1.96 billion, which provided disaster loan assistance for 338 disasters throughout the country. The SBA coordinated outreach at several major events including the deadly Kentucky tornadoes and floods, East and Gulf Coast hurricanes, and wildfires in the Pacific West. Additionally, 522 disaster survivors used the SBA’s mitigation option in disaster loans, which serves as an Agency Priority Goal. For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report
Small Business Act, Section 7(b) (15 U.S.C. 636(b)), Public Law 91-606
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Eligible applicants must have suffered physical property loss or economic injury as a result of a disaster which occurred in an area declared by the President or SBA. They must also demonstrate an ability and willingness to repay the loan. Business concerns, charitable and private nonprofit organizations and individuals are eligible to apply for assistance.
Beneficiary Eligibility
Business concerns, charitable and private nonprofit organizations, and individuals. Agricultural enterprises are ineligible.
For homeowners and renters: A Home Loan Application (SBA Form 5c) completed and signed by Applicant and Co-Applicant and an IRS Form 4506T completed and signed by Applicant and Co-Applicant to enable SBA to obtain tax return information from IRS. For Businesses: A Business Loan Application (SBA Form 5) completed and signed by business applicant and an IRS Form 4506T completed and signed by Applicant business, each principal owning 20% or more of the applicant business, each general partner or managing member and, for any owner who has more than 50% ownership in an affiliate business. (Affiliates include business parent, subsidiaries, and/or businesses with common ownership or management.). Complete copies, including all schedules, of the most recent Federal income tax returns for the applicant business; an explanation if not available. Personal Financial Statement (SBA Form 413) completed, signed and dated by the applicant (if a sole proprietorship), each principal owning 20% or more of the applicant business, each general partner or managing member. Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used).
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is required. Please review it.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. SBA now offers you the option of filing home and business disaster loan applications through the Electronic Loan Application (https://disasterloan.sba.gov/ela). Over 90% of our applications are submitted through the Electronic Loan Application. Applicants have the option of submitting an application via mail. Applicants may also apply in person at any Disaster Recovery Center and receive personal, one-on-one help from an SBA representative. Applicants can find information by contacting SBA's Customer Service Center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.
Award Procedure
Applicant is notified of approval by authorization letter from SBA.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
Generally, from 2 to 3 weeks depending on complexity of case and availability of resources.
Reconsideration of a declined application can be requested within 6 months of the initial decline, and appealed within 30 days from the reconsideration decline.
Additional information provided on SBA's website at www.sba.gov/Disaster.
How are proposals selected?
Not applicable.
How may assistance be used?
Loans made to businesses of all sizes, private nonprofit organizations, homeowners and renters to repair or replace damaged or destroyed real property and/or personal property to its pre-disaster condition. Credit elsewhere test required for all applicants to determine interest rate. Loans to homeowners/tenants are made for up to 30 years. For homeowners, limit of $500,000 for repair/replacement of real property; for homeowners and renters, limit of $100,000 for repair/replacement of personal property. The loan limit may be increased to provide post-disaster mitigation. Loans to business generally may not exceed $2,000,000. For businesses determined to be able to obtain credit elsewhere, maturities may not exceed 7 years. For businesses determined to be unable to obtain credit elsewhere and for private nonprofit organizations, maturities may not exceed 30 years. Under certain circumstances, homeowners and businesses may be eligible for refinancing of existing liens. Economic Injury Disaster Loans are available and provide working capital to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. Provisions of the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994 apply.
What are the requirements after being awarded this opportunity?
Performance Reports: Additional information provided on SBA's website at www.sba.gov/Disaster.
Information available at www.sba.gov/Disaster.
Complete financial records must be maintained by the borrower in an auditable financial system and audited by a Certified or Licensed Accountant annually.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Funds must be disbursed within six months of authorization of the loan, unless extended. Additional information provided on SBA's website at www.sba.gov/Disaster.
Who do I contact about this opportunity?
Regional or Local Office
For reference to the Disaster Center Office, see Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration.
Headquarters Office
Alan Escobar
409 3rd St., 6th Floor
Office of Disaster Assistance
Washington, DC 20416 US
Phone: 202-205-6734
Website Address
Financial Information
Account Identification
(Direct Loans) FY 22$123,782,944,526.00; FY 23 est $5,000,000,000.00; FY 24 est $1,100,000,000.00; FY 21$80,219,032,643.00; FY 20$191,912,986,107.00; FY 19$1,405,825,221.00; FY 18$4,372,607,105.00; FY 17$12,970,000,000.00; FY 16$1,181,000,000.00; -
Range and Average of Financial Assistance
Additional information provided on SBA's website at www.sba.gov/Disaster.
Regulations, Guidelines and Literature
13 CFR Part 123; "Disaster Loans for Homes and Personal Property, "Physical Disaster Business Loans" and "Economic Injury Disaster Loans".
Examples of Funded Projects
Fiscal Year 2022 Businesses of all sizes located in declared disaster areas, private nonprofit organizations, homeowners, and renters affected by declared disasters, including civil unrest and natural disasters such as hurricanes, flooding, and wildfires can apply for an SBA disaster loan.


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