SBA Disaster Assistance Loans
Government-Backed Recovery Financing Up to $2,000,000
Get Started with Recovery Financing
SBA Disaster
Assistance Loans
In the face of unexpected challenges, Faster Funding is here to guide your business through disaster recovery with SBA Disaster Assistance Loans. If your business has been impacted by a declared disaster, SBA Disaster Assistance Loans provide structured, long-term recovery financing to help you rebuild and stabilize operations.
Contact Faster Funding today to begin your disaster loan application and secure the support your business needs.
Get the Funds You Need
Small business lows up to $2M
Easy to Manage Payments
Repayment terms up to 30 years
Low Interest Rates
Interest rates as low as 4%
Types of SBA Disaster Assistance Loans
Physical Damage Loans
Physical Damage Loans help businesses repair or replace damaged assets caused by a declared disaster.
Eligible uses include:
- Real property
- Buildings
- Machinery
- Equipment
- Inventory
- Fixtures
Loan amount: Up to $2 million
Terms:
- Deferred first payment
- Interest rates 4% or less if credit is not available elsewhere
- Interest rates up to 8% if credit is available elsewhere
- Maturity up to 30 years
- Collateral required for loans over $50,000
Economic Injury Disaster Loans (EIDL)
Economic Injury Disaster Loans provide working capital to businesses that suffer substantial economic injury following a disaster.
These funds can be used to cover:
- Payroll
- Rent or mortgage payments
- Utilities
- Accounts payable
- Operating expenses
Loan amount: Up to $2,000,000 combined with Physical Damage Loans
Eligibility:
- Small businesses
- Small agricultural cooperatives
- Private nonprofit organizations
- Located within declared disaster areas
Terms:
- Deferred payments
- No interest accrual for first 12 months (subject to SBA guidelines)
- Interest rates typically 4% or less
- Maturity up to 30 years
- Collateral required for loans over $50,000
The Small Business Administration does not provide loans (except those through the Disaster Loan program)–they help small businesses get loans by guaranteeing a significant portion of loans offered by participating lenders. The SBA sets detailed standards these loans must meet. If the lender has followed the SBA guidelines and the borrower defaults, the SBA will pay the guaranty amount to the lender. The SBA may try to collect from the defaulted borrower (as a federal agency it has some significant collection powers).
Government-Backed Recovery Financing Up to $2,000,000
SBA Disaster Assistance Loans provide critical financial relief to businesses affected by federally declared disasters. These government-backed loans are designed to help businesses repair physical damage, replace lost assets, and recover from economic injury caused by disasters such as hurricanes, floods, fires, and other catastrophic events.
Through the U.S. Small Business Administration, eligible businesses can access long-term, low-interest financing to rebuild and stabilize operations.
Understanding SBA Disaster Loans
Unlike most SBA programs that guarantee loans through lenders, SBA Disaster Loans are funded directly by the U.S. Small Business Administration. If a borrower defaults, the SBA has federal collection authority to recover the balance.
These loans are intended strictly for recovery and stabilization after declared disasters.
Key Loan Features
Loan Amount: Up to $2,000,000
Interest Rates: As low as 4% (if credit unavailable elsewhere)
Repayment Terms: Up to 30 years
First Payment: Deferred up to 12 months
Interest Accrual: No interest accrual for first 12 months (subject to SBA guidelines)
Collateral: Required for loans over $50,000
Who Qualifies for SBA Disaster Assistance Loans
Businesses may qualify if they:
- Are located in a federally declared disaster area
- Operate for profit (or are eligible nonprofits)
- Have suffered physical damage or substantial economic injury
- Demonstrate ability to repay
Eligibility is determined by the SBA based on disaster declarations and financial impact.
How the SBA Disaster Loan Process Works
- Confirm disaster declaration eligibility
- Submit SBA disaster loan application
- Provide required financial documentation
- SBA review and underwriting
- Loan approval and closing
- Funds disbursed for recovery
Processing timelines vary depending on volume and documentation.
Required Documents
Applicants typically must provide:
- Completed SBA disaster loan application
- Business financial statements
- Most recent tax returns
- Schedule of liabilities
- Personal financial statement
- Documentation of disaster-related damages
Additional documentation may be required based on loan type.
Who Qualifies for SBA Disaster Assistance Loans
Businesses may qualify if they:
- Are located in a federally declared disaster area
- Operate for profit (or are eligible nonprofits)
- Have suffered physical damage or substantial economic injury
- Demonstrate ability to repay
Eligibility is determined by the SBA based on disaster declarations and financial impact.
Why Choose Faster Funding?
Faster Funding helps simplify and coordinate the SBA Disaster Loan process.
We provide:
- Application guidance and documentation support
- Eligibility assessment
- Clear communication throughout the process
- Efficient submission coordination
- Dedicated recovery financing specialists
When your business is facing disruption, speed and clarity matter. We help you navigate the process correctly the first time.
Faster Funding is Here to Help
Frequently Asked Questions
We understand you are probably wondering how this all works. Here are some key topics to help you make informed decisions to unlock your business’s growth opportunities.
What is the maximum loan amount?
Up to $2,000,000.00.
What is the interest rate?
Typically 4% or less if credit is unavailable elsewhere. Rates may go up to 8% if other credit options exist.
How long do I have to repay?
Up to 30 years depending on ability to repay.
Is collateral required?
Collateral is generally required for loans over $50,000.
Can I apply if I did not suffer physical damage?
Yes. Businesses that experienced substantial economic injury may qualify for EIDL support.
How quickly can I receive funds?
Timelines vary based on SBA processing and documentation completeness.
Get Started
Contact us to learn more about our SBA Disaster Assistance loan program. Our team of experts is standing by to help you find the perfect financial solution for your business.
