SBA Disaster Loans (Business Physical Disaster Loans and Economic Injury Disaster Loans)

Low-interest, long-term loans for businesses in a federally declared disaster area to repair or replace damaged property or to cover working capital they can't meet because of the disaster.

Run by

U.S. Small Business Administration

Funding

Up to $2,000,000

Up to $2 million (physical and EIDL combined); interest up to 4% fixed if credit unavailable elsewhere; terms up to 30 years with first payment deferred 12 months.

Who can apply

• Business must be located in a declared disaster area
• EIDL only for small businesses unable to obtain credit elsewhere
• Physical loans cover losses not fully paid by insurance
• Lost profits or declining sales alone do not qualify for EIDL

How to apply

Apply online through SBA's MySBA Loan Portal after a disaster is declared for your area, before that declaration's filing deadline.

Timing

Available only after a disaster declaration; each declaration has its own filing deadline.

Last checked

2026-10-11

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