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Tuesday, August 1, 2023

08-01-2023-0116 - Types of disaster loans (SBA) (DRAFT)

Types of disaster loans

  • Physical damage loans

    Damaged storefront
    Loans to cover repairs and replacement of physical assets damaged in a declared disaster.
  • Mitigation assistance

    Storefront with shield
    Funding to cover small business operating expenses after a declared disaster.
  • Economic Injury Disaster Loans

    Money, charts, and graphs
    This loan provides economic relief to small businesses and nonprofit organizations that have suffered damage to their home or personal property.
  • Military reservist loan

    Military helmet and loan application
    SBA provides loans to help eligible small businesses with operating expenses to make up for employees on active duty leave.

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