Description

Program provides low-interest disaster loans for homeowners, renters, businesses of any size and most nonprofits. Similar to FEMA, SBA cannot duplicate benefits for losses covered by insurance. The following conditions apply: For small businesses, those engaged in aquaculture and most nonprofits, up to $2 million is available for working capital needs even there was no property damage, with a $2 million maximum loan for any combination of property damage and working capital needs. For homeowners, up to $200,000 is available to repair or replace their primary residence. For homeowners and renters, up to $40,000 is available to replace personal property, including vehicles.

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