WEBWho can apply for an SBA disaster loan? Businesses of all sizes. Homeowners. Renters. Private nonprofit organizations. You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan.
WEBLoan Portal. A Web-based platform where SBA borrowers can view loan details, make payments, and access statements for COVID-19 EIDL, Disaster, or SBA-serviced 7 (a) loans. Register for MySBA.
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Economic Injury Disaster Loans - Small Business Administration
WEBOct 20, 2023 · SBA can provide up to $2 million* to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. The loan amount will be based on your actual economic injury and your company's financial needs, regardless of whether the business suffered any property damage.
WEBIf your small business has suffered economic injury due to a disaster, you may be eligible for a low-interest loan from the Small Business Administration. Learn how to apply online or by mail, and find out about the types and terms of disaster loans available.
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COVID-19 Economic Injury Disaster Loan - Small Business Administration
WEBThere are two types of COVID-19 EIDL funding: COVID-19 EIDL loan funds may be used for working capital and other normal operating expenses. These loans are not forgivable and must be repaid. Requirements vary depending on the size of the loan. Loan increases are available until funds are exhausted.
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Mitigation assistance | U.S. Small Business Administration
WEBApr 15, 2024 · About mitigation assistance. SBA offers low-interest disaster loans to homeowners and small businesses impacted by declared natural and other disasters. Eligible SBA disaster loan borrowers may choose to receive expanded funding to help mitigate their home or business against future disasters.
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SBA Disaster Loan: What It Is and How to Get Emergency Assistance
WEBJul 31, 2023 · SBA disaster loans are small-business loans issued by the U.S. Small Business Administration in order to assist victims of declared disasters, such as hurricanes, wildfires, earthquakes and ...
WEBHomeowners may borrow up to $200,000 from SBA to repair or replace their primary residence. Homeowners and renters may borrow up to $40,000 to repair or replace disaster-damaged personal property, including vehicles. Businesses and …
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Fact Sheet: SBA Provides Low-Interest Loans to Businesses, …
WEBMay 25, 2018 · Small businesses and most private nonprofits suffering economic impact as a direct result of the disaster can apply for working capital under SBA’s Economic Injury Disaster Loan (EIDL) program. The loan amount can be up to $2 million for any combination of property damage or working capital.
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What Is An Economic Injury Disaster Loan (EIDL)? - NerdWallet
WEBDec 17, 2021 · Read more. An Economic Injury Disaster Loan, or EIDL, is a 30-year loan of up to $2 million from the Small Business Administration (SBA). The maximum interest rate is 4%.