SBA - Who They Are and What They Do

Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence.  Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
 
Businesses of any size and private non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  SBA can also lend additional funds to help homeowners and business owners with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
 
The SBA also offers Economic Injury Disaster Loans (EIDL) for small businesses and most private, non-profit organizations to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business or non-profit suffered any property damage.  For more information on EIDL, visit http://www.houstonhurricanerecovery.org/node/175
 
 
The SBA application deadline was Feb. 20. The EIDL deadline is June 15.
 
For more information, call SBA at 1-800-659-2955 or visit http://www.sba.gov/services/disasterassistance/