Frequently Asked Questions About Disaster Loans from the Small Business Administration

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This page answers common questions about low-interest disaster loans from the U.S. Small Business Administration (SBA).

To apply for a SBA disaster loan, you can:

1. Apply online at disasterloan.sba.gov.
2. Call 800-659-2955 or TTY 800-877-8339.
3. Visit your closest disaster recovery center to speak face-to-face with an SBA customer service representative.
4. Mail in a paper application. More information can be found on the SBA website.

I applied for FEMA assistance and was referred to the SBA disaster loan application. Why do I need to return it?

You must return a completed application to the SBA before FEMA considers you for some forms of disaster assistance.

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I’m not a business. How can the SBA help me if my home flooded and/or I had flood damage to my personal property?

The SBA isn’t just for businesses. It’s for homeowners and renters too. Low-interest SBA disaster loans can cover any repair or rebuilding costs not covered by private insurance or disaster-related damage costs that exceed initial estimates.

How much can the SBA provide to homeowners, renters and businesses?

Homeowners may borrow up to $200,000 to repair or replace their primary residence while renters and homeowners alike may borrow up to $40,000 to repair or replace clothing, furniture, cars or appliances damaged or destroyed in the flood. Businesses may borrow up to $2 million for any combination of property damage and/or economic injury. Learn more about what types of disaster loans the SBA may be able to provide.

Am I required to accept an SBA loan offer?

What if I don’t qualify for an SBA loan?

If you do not qualify for an SBA loan FEMA will consider you for its Other Needs Assistance grant program. This program can provide grants for personal property, transportation and storage.