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Frequently Asked Questions - SBA Disaster Loans

Yes. An online application is available at https://disasterloan.sba.gov/ela.

Yes. If you received an SBA application, it’s a good idea to fill it out and return it to SBA. If you don’t qualify for a loan, SBA may refer you for a FEMA grant to help replace disaster-damaged essential personal property such as damaged or destroyed major appliances.

No. SBA provides low-interest disaster loans to homeowners, renters, businesses of all sizes (including landlords) and private nonprofit organizations for disaster damage not fully covered by insurance or other compensation.

SBA provides low-interest disaster loans to homeowners, renters, businesses of all sizes, and most private nonprofit organizations.

SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment and inventory and business assets.