Business Physical Disaster Loans

Program Description

If you are in a declared disaster area and have experienced damage to your business, you may be eligible for financial assistance from the Small Business Administration (SBA). Businesses of any size and most private nonprofit organizations may apply to the SBA for a loan to recover after a disaster.

Program Requirements

In order to qualify for this benefit program, your business or private non-profit organization must have sustained physical damage and be located in a disaster declared county.

Application Process

Apply online for disaster loan assistance at your own convenience through SBA’s secure Disaster Loans Assistance website.

You must submit the completed loan application and a signed and dated IRS form 8821 giving permission for the IRS to provide SBA your tax return information.


Physical Disaster Loans Application

Loan Terms

SBA can only approve loans to applicants with a reasonable ability to repay the loan and other obligations from earnings. The interest rate will not exceed 4 percent if you cannot obtain credit elsewhere. For businesses and nonprofit organizations with credit available elsewhere, the interest rate will not exceed 8 percent. SBA determines whether the applicant has credit available elsewhere. Repayment terms can be up to 30 years, depending on your ability to repay the loan.

Contact Information

For more information about the disaster loan program or questions on how to apply, please call 1-800-659-2955, email or visit the Disaster Loans page.

Additional Information

Max Loan Length3 or 30 years
Interest Rate4-8%
Max Loan Amount$2.0 million
Payment FrequencyVaries
Prepayment PenaltiesVaries

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