Monthly Archives: September 2017

Update on SBA Disaster Assistance for Hurricane Harvey

GETTING DISASTER HELP FROM SBA - WHAT YOU NEED TO KNOW

♦ SBA offers federal low-interest disaster loans to businesses of all sizes, most private nonprofit organizations, homeowners and renters. ♦ Businesses of any size may borrow up to $2 million to repair/replace disaster property damage. ♦ Small businesses, small businesses engaged in aquaculture and most private nonprofit organizations may also borrow to help meet disaster caused working capital needs. The $2 million maximum applies to the combination of property damage and working capital loans. ♦ If you are a homeowner or renter, FEMA may refer you to SBA. SBA disaster loans are the...
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