Newsletter:

SBA Offers Disaster Loan Assistance - Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters

21 November 2017

If your business or private, nonprofit organization has suffered physical damage or your small business or private, nonprofit organization of any size has sustained economic injury after a disaster, you may be eligible for financial assistance from the U.S. Small Business Administration. 

Even if your property was not damaged and you are a small business owner or a private, nonprofit organization, you may apply for a working capital loan from the SBA to relieve the economic injury caused by the disaster. 

IMPORTANT INFORMATION: 

  • You may apply for a Physical Disaster Loan or an Economic Injury Disaster Loan, for an amount of up to $2 million dollars. 
  • The Interest Rate fluctuates from 3.305% to 6.610% 
    • Filing deadline: Physical Disaster Loan: March 30, 2018 
    • Economic Injury Disaster Loan: June 20, 2018 

Our BDO team can help you understand the loan application requirements and assist you in the filing process. We are here to help you analyze your particular situation, and plan accordingly during these extraordinary times.