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SBA Loan Application Could Bring More FEMA Assistance

Release date: 
July 11, 2011
Release Number: 

Note: This news release is being re-released to emphasize the importance of the July 18 deadline for survivors to return their disaster loan applications.

BIRMINGHAM, Ala. –The SBA loan application has hidden benefits for many households.  Besides being the key to a low-interest loan for home repair and reconstruction, this form may also open the door to a grant from FEMA that will not have to be repaid. 

“No one is obligated to accept a loan,” said Jeff Byard, state coordinating officer of the Alabama Emergency Management Agency. “But the SBA application may be the basis of referrals to other grant programs. If you received an SBA loan application, it’s important to fill it out and return it to the SBA by Monday, July 18.”

“For many disaster survivors, registration with FEMA has prompted the SBA to send a disaster loan application that takes little time to complete, but has a lot to offer,” said Federal Coordinating Officer Michael F. Byrne.

There are important reasons to fill out this form and send it in by Monday even if you don’t currently need a loan:

  • Your insurance settlement may fall short. You may discover in the next few weeks that you were underinsured for the amount of work required to repair or replace your home. An SBA low-interest disaster loan can cover the gap. Apply to the SBA to keep that option open. 
  • SBA can offer a loan that fits your personal budget. If you already have a mortgage on damaged property, SBA specialists can help with a low-interest loan you can afford. In some cases, SBA can refinance all or part of an existing mortgage.
  • SBA can help renters and homeowners replace household contents and vehicles. You may be able to borrow up to $40,000 to repair or replace clothing, furniture, cars or appliances damaged or destroyed in the disaster.
  • By submitting your SBA loan application, you keep the full range of disaster assistance available as an option. If SBA does not approve a loan for you – or approves a small loan that doesn’t cover all of your needs – you may be offered FEMA grants to replace essential household items, replace or repair a damaged vehicle, cover storage expenses or meet other serious disaster-related needs.

For more information, call the SBA at 800-659-2955 (800-877-8339 TTY). Applications can be downloaded from Or homeowners and renters may visit SBA’s secure website at to apply online for disaster loans.

FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.

Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-FEMA (3362). If you have a speech disability or hearing loss and use a TTY, call 800-462-7585 directly; if you use 711 or Video Relay Service (VRS), call 800-621-3362.

The social media links provided are for reference only. FEMA does not endorse any non-government websites, companies or applications.

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Last Updated: 
July 16, 2012 - 18:46
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