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Return SBA Disaster Loan Applications to Maximize Recovery

Release date: 
October 14, 2011
Release Number: 

RALEIGH, N.C. -- Hurricane Irene survivors who do not return their applications for Small Business Administration disaster loans may deny themselves opportunities to cover their recovery costs.

There are important reasons to return the SBA application even if a survivor thinks there is no need for
 a loan:

  • Insurance may not cover all repair or rebuilding costs. A disaster loan can provide additional money for uninsured losses, including deductibles and most losses excluded under the insurance policy.
  • Potential insurance payments can be delayed. An SBA loan may provide funds more quickly.
  • A loan may cover costs to meet current local building codes to protect property from future disaster-related damages.

If survivors receive an SBA loan application after registering for federal assistance, they need to return it even if they think they may not qualify for a loan. A completed SBA disaster loan application is essential to be considered for some types of grants from the Federal Emergency Management Agency that do not need to be repaid.

SBA loans are available for eligible homeowners, renters and businesses of all sizes.

Homeowners can receive loans up to $200,000 to repair or replace property damages. Renters and homeowners may also borrow up to $40,000 to replace damaged or destroyed personal property. Survivors are not required to borrow money.

Businesses can contact the SBA directly by calling the SBA Disaster Customer Service Center’s toll-free number at 800-659-2955 or (TTY) 800-877-8339. Help is also available by sending an email to or by going online at

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). For TTY call 800-462-7585.

FEMA’s temporary housing assistance and grants for public transportation expenses, medical and dental expenses, and funeral and burial expenses do not require individuals to apply for an SBA loan. However, applicants who receive SBA loan applications must submit them to SBA loan officers to be eligible for assistance that covers personal property, vehicle repair or replacement, and moving and storage expenses.

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.

Last Updated: 
July 16, 2012 - 18:46
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