An SBA loan that provides assistance for the repair and rebuilding of non-farm, private sector losses for businesses that have sustained economic injury.
Also known as Economic Injury Disaster Loans, Disaster Relief Loans are the only form of SBA assistance not limited to small businesses. They provide assistance for the repair and rebuilding of non-farm, private sector losses for businesses that have sustained economic injury. To be eligible for this loan, small businesses or private non-profit organizations must have sustained economic injury and be located in a disaster declared county or contiguous county.
Features:
Amount: $2,000,000
Interest Rates: Max. 4%
Loan Terms: Max. 30 year repayment period