Home and Property Disaster Loans
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Am I eligible?
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Eligibility criteria
To be eligible for a Disaster Loan, an individual must be located in a Declared Disaster Area. Insurance proceeds, or any other type of compensation must be either first used or pledged to the loan. This prevents duplication of benefits and allows SBA to reach more disaster victims.
Description
If you are in a declared disaster area and are the victim of a disaster, you may be eligible for financial assistance from the U.S. Small Business Administration - even if you don't own a business. As a homeowner, renter and/or personal-property owner, you may apply to the SBA for a loan to help you recover from a disaster.
Insurance Proceeds: If you have insurance coverage on your personal property/home, the amount you will receive from the insurance company will be deducted from the total damage to your property in order to determine the amount for which you are eligible to apply to the SBA.
Managing organization
U.S. Small Business Administration http://www.sba.gov/
Program contact information & web resources
For more information about this program, please visit:
http://www.sba.gov/disaster_recov/loaninfo/phydisaster.html
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