Are you looking for sba disaster loan then this article is for you with all the information that you need about sba disaster loan.
Table of Contents
How To Apply For SBA Disaster Loan
SBA offers low-interest disaster loans to assist homeowners and businesses get through declared disasters.
You can submit an online application for any type of SBA disaster assistance loans. This online form is by far the most efficient method of receiving the decision on the eligibility of your loan. You can also choose to making a paper application via mail. In either case you will need to complete the loan application as well as an original and signed IRS Form 4506C that gives permission to the IRS to send the SBA the information you need to file your tax return.
You can be able to apply on the spot at every Disaster Recovery Center and receive individual, one-on-one assistance with the SBA representative. To learn more or find the nearest location we invite you to contact the Customer Service Center. Call 1-800-659-2955 (If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services) or e-mail .
- Contact details for all applicants
- * Social Security number for applicants of all kinds.
- * FEMA registration number
- * Lease or deed details
- * Information about insurance
- * Financial information (e.g. earnings, balances on accounts as well as monthly expenditures)
- The Employer Identification Number (EIN) for applicants from the business sector.
How to Repay a Disaster Loan
To make a one-time payment , or set up monthly recurring payments, sign up with Pay.gov and select the 1201 Borrower Payments.
There are many methods to make a payment for your disaster loan. You can do it by telephone, mail or via the internet. To pay, call SBA’s SBA Disaster customer support center at 1-800-659-3055 (If there is a hearing impairment, you can call 7-1-1 or difficult to hear or suffer from an impairment in speech, please dial 7-1-1 for access to the relay service for telecommunications) . There is no charge to use this program.
You can also make your check or money order or money order to SBA. Include your loan number on your check as well as the pay-off coupon when you have one. Your check should be made payable to U.S. Small Business Administration.
| If you live in: * American Samoa (AS) * Federated States of Micronesia (FM) * Guam (GU) * Hawaii (HI) * Northern Mariana Islands (MP) Payments by mail to: U.S. Small Business Administration P.O. Box 29140 Honolulu, HI 96820-1540 | For all other formats: Pay your bills by mail to: U.S. Small Business Administration P.O. Box 3918 Portland, OR 97208-3918 |
Who can benefit from the SBA Disaster loan?
Companies of all sizes that are within declared disaster zones Private nonprofit groups, homeowners and tenants affected by declared catastrophes, which includes natural disasters and civil unrest like hurricanes, flooding and wildfires.
How do you use the SBA disaster loan
- Not insured or funded through the Federal Emergency Management Agency for both business and personal
- Operating expenses for business that could be met in the event that the catastrophe had not occurred.
Different types of disaster loans
Loans for physical damage
The loans are used to pay for the cost of repairs and replacement for physical assets damaged by an declared disaster.
Assistance with mitigation
Finance to pay for small-scale business running expenses following the declaration of a catastrophe.
Economic Injury Disaster Loans
This loan is a source of economic relief for small companies and non-profit organizations that are impacted by the destruction of their property or home.
Military reservist loan
SBA can provide loans to small businesses that qualify for loans to cover operational expenses that make up for employees who are on active duty leave.
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