If you are in a declared disaster area and have experienced damage to your business, you may be eligible for financial assistance from the United States Government’s Small Business Administration (SBA). The Small Business Administration provides low-interest, long-term loans for physical and economic damage caused by a declared disaster. Learn more about home and personal property, business and economic injury loans. Information is available on:
If you are in a declared disaster area and are the victim of a disaster, you may be eligible for financial assistance from the Small Business Administration, even if you don’t own a business.
Any business or organization located in a declared disaster area and that incurred damage during the disaster may apply for a loan to help replace or restore damaged property.
If you are in a declared disaster area and have suffered economic injury regardless of physical damage, you may qualify for an Economic Injury Disaster Loan (EIDL).
If you have an essential employee who is a military reservist called to active duty, SBA provides loans to help eligible small businesses with operating expenses.
You can apply online for all types of Small Business Administration disaster assistance loans. The online application is the fastest method to receive a decision about your loan eligibility. You have the option of submitting a paper application by mail. For either application, you must submit the completed loan application and a signed and dated IRS form 8821 giving permission for the IRS to provide the Small Business Administration your tax return information. Click here for more information.
Additional information is available at the Small Business Administration disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or email: DisasterCustomerService@SBA.gov (link sends e-mail).
In 2003 alone, the Federal Emergency Management Agency (FEMA) paid out nearly $2 billion in recovery assistance to victims of 56 declared natural disasters. If you become a victim of a declared natural disaster, do not hesitate to apply to FEMA for disaster assistance. Click Here.
As soon as possible, register for assistance by calling FEMA’s toll free number, 1-800-621-FEMA (3362) or TTY, 1-800-462-7585 for the speech or hearing impaired. When you call, a FEMA representative will explain the types of assistance available to you.