SBA Disaster Assistance is separate from ordinary SBA 7(a) and SBA 504 financing. Unlike those programs, eligible SBA disaster loans are generally made directly by the U.S. Small Business Administration [SBA] to qualifying applicants affected by a declared disaster.
Potential Uses
Depending on the applicable disaster declaration and loan program, SBA disaster assistance may help eligible businesses and private nonprofit organizations address:
- Disaster-related damage to business real estate
- Machinery and equipment
- Inventory
- Fixtures and other business assets
- Certain leasehold improvements
- Working-capital needs caused by the disaster
- Fixed debts, payroll, accounts payable, and other operating obligations that cannot be met because of disaster-related economic injury
Economic Injury Disaster Loans [EIDLs] may be available even when the business has not suffered direct physical property damage, provided it has experienced qualifying economic injury related to the declared disaster.
Maximum Loan Amount
Eligible businesses and private nonprofit organizations may generally qualify for disaster financing of up to $2 million, subject to the type and amount of eligible loss, the applicant’s financial condition, and applicable SBA requirements.
Repayment Terms
Repayment terms may extend up to 30 years.
The SBA determines loan amounts, repayment terms, and eligibility based on factors including the applicant’s financial condition and ability to repay.
Applying for Disaster Assistance
SBA disaster loan applications are generally submitted directly to the SBA, rather than through the participating lender structure used for SBA 7(a) and 504 loans.
Eligibility, application deadlines, available loan types, and covered geographic areas depend on the applicable disaster declaration.
Important: SBA financing is subject to lender underwriting and SBA eligibility requirements. White Feather Capital LLC is not an SBA lender. See our SBA Business Financing Disclosure for additional information.